TheStreet.com
Splunk Has Gone Kerplunk Ahead of Earnings
Splunk is a software platform to search, analyze and visualize the machine-generated data gathered from websites, applications, etc. The company is reporting its quarterly numbers after the close of trading Wednesday, so let’s check out the charts and indicators ahead of the print. Traders could go long SPLK at current levels or add to existing longs. In the daily bar chart of SPLK, below, we can see that the shares worked slightly higher into November but gapped lower to break below the 50-day and 200-day moving averages.
