Nimble Storage, Inc. provides flash-optimized hybrid storage
platform. The company’s software and storage systems handle various
mainstream applications, including virtual desktops, databases, email,
collaboration, and analytics. It offers systems that provide adaptive
performance for high-input/output and high-capacity mainstream business
applications and environments, such as Exchange, Oracle, SharePoint, SQL
Server, virtual desktop infrastructure, and server virtualization. The
company sells its products through a network of value added resellers
and distributors to a range of industries comprising cloud-based service
providers, education, financial services, healthcare, manufacturing,
state and local government, and technology worldwide.
To analyze Nimble’s stock for potential trading opportunities, please
take a look at the 1-year chart of NMBL (Nimble Storage, Inc.) below
with my added notations:
NMBL rallied well after its IPO only to fall pretty hard into May.
The stock has been moving higher as of late and has recently hit a new
recovery high. One level in particular that stands out on the stock is
the $30 (blue) mark, which the stock broke back above yesterday.
The Tale of the Tape: NMBL is back above its key
level of $30 and should be moving higher. A long trade could be made on a
pullback down to that $30 level with a stop placed above that level. A
break back below $30 would negate the forecast for a higher move.
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