Give a Supercomputer for the Holidays

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Looking for that gift for the nerd that has everything? Well how about a supercomputer? These babies have the power of 50 million laptops. That should get them an edge playing Xbox against their friends. There is a catch though. They tend to be a little expensive. Like above the Neiman Marcus catalog cost level. Oh, and they take up a bit of space.

Maybe as a second choice you could give them the thrill of supercomputing, but with a supercomputer stock. Cray, $CRAY, is just such a company, and just in time for the holidays the stock looks ready for a price break out higher.

cray

The chart above shows that the price has pulled back from a high at $42 in March, and after a long consolidation started back higher in mid October. The current consolidation makes for both a possible Measured Move higher to about 42.50, and a Cup and Handle pattern with a target to 44.50. With the momentum indicator RSI also holding in the bullish zone, it creates a mosaic of technical signals for more upside. The low of the consolidation is also a natural stop level for the trade.


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The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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