|Day Low/High||210.81 / 214.90|
|52 Wk Low/High||93.92 / 213.26|
Jim Cramer looks at alternative stocks after Splunk lowers 2018 guidance.
Tech stocks feel like they may be going higher, as the economy is picking up.
Here's to hoping that ServiceNow and Splunk get the love they deserve.
The cloud players haven't done much for a while, but they appear ready for a big move, which is a big deal.
The surprise factor turned out not to be a surprise.
The stock has provided speculators with simply a well-financed trading vehicle.
In previous tech sector declines, it did not pay to buy the first day after the crash.
Traders and investors alike want to buy banks in this new environment, not technology shares, says Jim Cramer.
In these market crosscurrents, it's tough to go with the flow.
2 companies' correlation may resume as Splunk is in danger of breaking an uptrend line.
It is often at this phase that you make the biggest gains by pressing.
These are names that look promising but aren't quite ready for aggressive buying.
Don't focus too much on the indices; look for action in individual names.
The big issue is if the market can build on Friday's jobs good news.
Even killer results from Facebook haven't been able to generate better momentum, and that's a problem.
We all know the market setting up for a move, and the longer this range continues, the more anxious we are to anticipate that move.
There is hesitancy to chase, especially with the FOMC rate decision this afternoon.
Prices can move higher but gains above $65 may be a slow grind.
Look for a setback to the $45 level or lower, followed by sideways price action, before plunging into SPLK.
And the market cap is probably overstated.
They are the future, but not right now.
The stock is set for a volatile move, and the technical indicators say that move could be higher.
Cutting-edge software maker's ailing shares could rebound shortly.