Digital River shares are today trading very well after Credit Suisse upgrade stock to Outperform from Neutral setting the price target to $47. Looking at the daily chart, stock is currently trading in a clear downtrend, with share price trading neat the $32,50 level, where have created an interesting support that could be determinant to move up, mainly due to the fact that indicators started to invert the actual trend, a close above $34 will put many pressure on Bears to cover their short positions, so keep an eye on stock for a possible breakout above this level soon.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical example.
Labels: DRIV
