Spectranetics Corporation ($SPNC) has been in a long term uptrend and could be giving another entry or add on trade soon. During different market conditions there are different types of trades to be taken. Sometimes the momentum leaves and you must “buy the dip” instead. With Spectranetics trading in a descending channel, it is potentially giving you a chance to do just that. A trigger buy price is over 18.60 or 18.75 to be safe. Spectranetics has been on the StockTwits50 list for four consecutive weeks, and is currently ranked number 40.The earnings are on April 25th. Click to enlarge chart.
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Post By @BenCBanks
» Technical Spotlight » St50 Technical Spotlight – Spectranetics Corporation