The Active Network, Inc. provides organization-based cloud computing
application services to business customers in North America, Europe, and
internationally. The company offers ActiveWorks, an organization-based
cloud computing platform, which transforms the way organizers record,
track, manage, and share information regarding activities and events.
Its ActiveWorks back-office system pulls customers participant
management, operational reporting, volunteer management, and service and
payment processing functions into one hosted system. The company also
provides consulting services, which consist primarily of business
mapping, project management services, and guidance on best practices in
using its services; and implementation services, including system set-up
and configuration, and data conversion, as well as develops customized
training and education programs relating to both the use and
administration of its services. It serves a range of customers,
including community and sports organizations, large corporations, small
and medium-sized businesses, educational institutions, federal and state
government agencies, non-profit organizations, and other related
entities.
Please take a look at the 1-year chart of ACTV (The Active Network, Inc.) below with my added notations:
Back in June ACTV peaked at $16 and sold off heavily after that.
While forming a base over the last (6) months, the stock has been
hitting a very important level of resistance at $6 (navy). No matter
what the market has or has not done since November, ACTV had not been
able to break through that area of resistance. Well, earlier this week
the stock finally broke above $6.
The Tale of the Tape: ACTV had a key level of
resistance at $6 that should now act as support on any pullbacks. A long
trade could be entered on a pullback to $6 with a stop placed below
that level. However, if the stock were to break back below $6, a short
trade could be made instead.
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