The Traderszone Network

Published in TZ Latest News 4 June, 2015 by The TZ Newswire Staff

Gigamon Turning Itself Around After Deep Slump

Shares of Gigamon (GIMO) have more than tripled since bottoming in October. Yet the stock is still not back from a 73% plunge last year. While that severe decline makes the stock unattractive to chart readers, a buy area did develop last month. The stock formed a three-weeks-tight pattern in late April and early May. Shares are above the 30.67 buy point and still not far from it.

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