Both Workday (WDAY) and Splunk (SPLK) reversed hard after announcing earnings in the latter part of the week, and both can be considered late-stage failed-base short-sale set-ups. If the general market gets into trouble these would likely move lower, and the stocks would be shortable at current levels or higher on any potential bounces, using the 70 breakout level for SPLK and the 20-day moving average at 88.51 for WDAY as upside stops. Rallies up into these price levels would likely present the most optimal short-sale points vs. chasing these to the downside.
SSS - WDAY, SPLK 3/2/15
|Published:||2 Mar 2015 13:35 ET|
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2021 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.