quantguy

SPLK still a good buy

NASDAQ:SPLK   None
Fundamentals
117.45. NO DIVIDEND
Based in San Francisco, CA
Full time Employees: 3,200
Provides software solutions that enable organizations to gain real time operational intelligence in the U.S. and internationally. Splunk Enterprise Security addresses security threats and information. Splunk User Behavior Analytics detects cyber-attacks and insider threats.
Jim Cramer, The Street, rates this stock a D SELL. Cramer is an inverse index. Whatever he says, do the opposite.
STOXLINE also rates this stock as a SELL with 3 Blue Stars and red arrows pointing downward. Nevertheless their 6-month price target for the stock is 151.84.
EPS: -2.370
P/E: -49.56

Technicals
The technicals here are very strong. There was a sharp correction in June which turned out to be an inverse head and shoulders pattern which gapped to the upside, which is a strong bull indicator. Note that SPLK has recently rejected the lower bound of the KRI, and is facing some resistance about the central moving average of this indicator. The long-term momentum (blue line) is still strong, thought the short term momentum (purple line) has let up. This indicates optimal conditions for entering a position.

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