No replies to this topic

[Costa]

Sonus Networks, Inc. (NASDAQ:SONS) has been in a bullish consolidation over the last two weeks and is inching closer and closer to a breakout above resistance. A move above 6.58 would indicate a break out of the bullish flag, with the potential to reach 7.41 (100EMA) and then 8.20. Technical indicators are looking bullish. The MACD is rising above its signal line and the RSI bounced up again from its 50% level. Keep it on your radar screen because the technical chart looks bullish to me and on the verge of a breakout.