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Hawk’s Nest

Relative Strength Data Storage Tech Growth Name Sees Call Buyers

by | Oct 20, 2022

Pure Storage (PSTG) with 2000 November 28 calls bought at $1.56 today as the stock held up green in a weak market and trying to clear a trendline from the recent highs. A name that has held up well above the May lows as a Tech growth stock that also has heard takeover chatter possible. PSTG has resistance at 28.50 monthly VPOC but above that can reach 30 short term with longer term potential higher to 35+ if the overall market stabilizes.