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. Nimble Storage, Inc. was incorporated in 2007 and is headquartered in San Jose, California.
Take a look at the 1-year chart of Nimble (NYSE: NMBL) below with the added notations:
NMBL fell right off the cliff back in March, April and May before
finally settling into a very long, sideways trend that has lasted about
10 months. During the sideways move the stock has shown a tendency to
find repeated support at $25 (blue). Whenever that level was to break,
the stock would fall to the next level down at $22 (red). NMBL is
currently sitting right at $25.
The Tale of the Tape: NMBL has key levels at $22 and
$25. A trader could enter a long position at $25 with a stop placed
under the level. However, a short trade could be made instead if the
stock were to break below $25 with the expectation of a fall down to
$22. Another long trade could be considered if the fall to $22 were to
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wolfstreet.com / by Wolf Richter /
Wholesale inventories-sales ratio spikes worse than in Oct. 2008A month ago, when I last wrote about it, I half-figured, half-hoped that the lousy wholesale inventories and sales for December had been a fluke, that some numbers had gotten lost in the shuffle, that the trend would reverse in January. Now the January data is out. And it’s terrible.
This time, there weren’t any redeeming qualities left.
Inventories tie up cash. So inventory management has become a sophisticated obsession, tightly connected to sales forecasting. Merchants who are optimistic about sales prospects stock up for it. When these hopes turn into crummy sales, inventories begin to balloon, and the crucial inventories-sales ratio rises to ugly levels.