In this daily bar chart of SPLK, below, we can see the price action of the past twelve months. Buying and holding shares of SPLK may have been a little nerve-racking with the up and down swings but now it looks like SPLK is in a trending mode. SPLK is trading above the rising 50-day moving average line and the bullish 200-day line. The 50-day line is about to cross the 200-day line for what is commonly called a golden cross. This crossover signal is typically bullish and can work well in trending markets. The daily On-Balance-Volume (OBV) line was neutral from March to August but it has since rallied and is telling us that buyers of SPLK have been more aggressive the past five to six months. The Moving Average Convergence Divergence (MACD) oscillator is in a bullish mode.
In this weekly bar chart of SPLK, below, we have prices poised for new highs. SPLK is above the rising 40-week moving average line. The weekly OBV line is turning up and the weekly MACD just gave a fresh outright buy signal.
In this Point and Figure chart of SPLK, below, we can see an upside price target of $152 and a trade at $130 will be a breakout.
Bottom line strategy: SPLK looks ready to make new highs. Aggressive traders could go long here and consider adding to longs above $130. Risk to $116 for now and look for gains to the low $150's initial