RingCentral Inc. (RNG) made a huge upside price gap and a high/low trading range Friday. Avaya (AVYA) and RingCentral (RNG) are in talks for a strategic partnership as Avaya moves away from the idea for a full sale of the company, according media sources. Let's take a look to see what that news has done to our charts and indicators and what new price targets may be readable.
Bottom-line strategy: Aggressive traders could try to buy RNG around $155. Risk below $145. Our price targets are $200 and then $265.