Pending Buy Point on Pandora (P)?

I want to follow this Pandora ( NYSE:P ) trade a bit more. The 50-day moving average the last time around was an awesome buying opportunity. The stock tagged just about there and then moved higher. Last week the company said, “We’re not going to give you our specific subscriber numbers,” or something like that. The bottom line was it wasn’t that great of news, it was seen as a negative, because it injects uncertainty.

However, the stock has not broke trend, it has not broken the trend at all, in fact if you didn’t know that there was news, what would you be doing? You would be looking at how the stock acted around the 50-day moving average when it hit, and you’d be licking your chops to see if the stock fell down this low this time around. The 50-day moving average is 34.50, the lower Bollinger Band, it’s in a squeeze so it doesn’t matter quite so much, is 35.38. So the stock is at this level where if we’re going to see buyers coming in, they’re probably going to be coming in right about now, so this is one that I think you want to watch this area.

Don’t just buy Pandora ( NYSE:P ) because I’m highlighting it, the stock might just get crushed, I don’t think so, but it might. So if you’re buying this stock keep a very tight stop just below the 50-day moving average, this gives you a low risk entry on a pullback, on an uptrending stock that’s just recently come out of some pretty prolonged consolidation. What could be better than that, it totally works.