MOBL

MobileIron Inc. (MOBL) peaked at $12.96 in August 2014 and dropped a trading range that broke to the downside in April 2015. Bears kept control into the September 2015 low at $2.81, ahead of a bounce that stalled at the 200-day EMA in April 2016. It broke 2015 support in September and turned sharply higher in October, returning to range resistance one month later. The stock broke out to an 18-month high in February and is now testing new support near $4.50. Strong accumulation predicts bulls will prevail, ahead of continued upside toward $7.50.