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PAR : Will it breakout of the kumo?

3Par is on my watchlist and currently there may be a chance that it will breakout of the kumo resistant.

Take a look at the chart:

http://stockcharts.com/h-sc/ui?s=PAR&p=D&b=5&g=0&id=p30320495238

A clear breakout at around $7.60 is what I am looking for. Preferably, this should be accompanied by good quarterly results.

Apart from this, I am also thinking about whether Cisco will just acquire 3Par as part of their Unified Computing System. After all, Cisco has the cash and 3Par may fit in nicely (more so than SUN).

2 replies on “PAR : Will it breakout of the kumo?”

Take a look at the weekly chart…

If 3PAR breaks out of the daily chart kumo, it’s going to run smack into the kumo cloud base on the weekly. Perhaps something to take into consideration

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