Pure Storage Inc. Class A (NYSE:PSTG)

Chart of the Day March 19th, 2021

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Chart of the Day
March 19th, 2021
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PSTG Weekly Chart

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  • champ: $PSTG... $INTC...I dropped both of these positions this morning on the open and as of Now ...and $SOUN at $5.45, is the only tech position that I'm still holding and I'm watching it closely this morning...because I would like to add-on, at some point...soon...... ....however I will be looking for Back-in-Entries in the tech-sector. ~~~~~~~~~~~~~~~~~~
  • champ: $PSTG...HOD....Day-6, nice U-turn off of $60.50.
  • Mikev200: $PSTG nice all day try to fill gap
  • camaro69: $PSTG trying to break out
  • camaro69: $PSTG Had a big gap up and crap after earnings, has gained most of the earnings gap up the last 7 days long but not large. Blue sky above possibility
  • champ: @camaro69 $PSTG...Yes Blue-sky and this could easily double again in the next 12-months or even sooner...and it has a great Business-Summary... going on RHRN. ...It is just waiting for Upgrades. ~~~~~~~~~~~~~~~~~~~~~~~~~~
  • Motorman: @champ $PSTG I bought a position on the day after what seemed to be good ER after it gave up all pre market gains. Just holding.
  • champ: @Motorman $PSTG ...All the large AI-players..can't work without, can't build without, their #AI-storage-capabilities.
  • camaro69: $PSTG had a earnings pop and drop 5/30 climbing back
  • camaro69: $BOOT ATH not to far away. $PSTG trying to bounce after good earnings
  • champ: $PSTG...nice beat up around $5.50 and I'm still holding my swing position.
  • Motorman: $PSTG down on good ER? Many upgrades. Trade developing.
  • vitoB: $PSTG starter 62.80...is this the CAVA of yesterday?
  • billyzeke: @vitoB $PSTG Hope so, I took a little at 62.40.
  • tjv821: $pstg Woodman did you do anything with this today?
  • woodman: @tjv821 $pstg - No. I didn't and don't have it.
  • vitoB: takin partials in $PSTG at vwap
  • jmscap: $PSTG - Holding onto this one for now. I'm up a modest 12% but unsure about what to do with earnings being announced after the market close. It's been a good "employee" but never know after earnings! Thoughts appreciated!
  • camaro69: @jmscap $PSTG Dan and Scott say sell half if you have a nice profit. That's what I've been doing. 12% to me is a nice profit. Good Luck!
  • jmscap: @camaro69 $PSTG Thanks!! That seems like a good way to hedge that! Much appreciated!
  • geotheo: $PSTG Up 9% after earnings @$68.65
  • DavidG: $PSTG - big earings beat: Rev 693.5M vs 680.9M EPS $0.32 vs $ $0.21 I held my shares, rather than sell half. Historically they have beaten estimates over the last year (my rationalization).
  • champ: $PSTG....hanging around HOD and I'm still holding my swing position...and I'm #Not going too take profits today. ~~~~~~~~~~~~~~~~~~~~~~~~~
  • champ: $MSTR $SMCI $NVDA $DELL $PSTG $MSFT $QCOM $COIN $AMD $IBIT......nice moves.
  • StockMarketMentor: Closed down $MU -- double top $COIN -- an early speculative buy did not pan out. Take the loss and move on. $RNA -- closing down. It never really took off like I had hoped. $WFC -- stop hig $AMZN -- break of 50-day MA $AMAT -- gap and reverse. Take the small loss. $BKNG -- Bad booking here. Giving the keys back. $MSTR -- test of 1750 failed. This has a lot more work to do from here. $IBIT -- Down, but not out. This could have gone either way. But I’m just taking it off for a b/e trade. $MS -- I don’t like the way this is acting. $GOOGL -- Rolling over and down below the 4/26 high. $PSTG -- gap and reverse $GS -- Rolling out of the channel. --Dan
  • curtis: @StockMarketMentor $MU $COIN $RNA $WFC $AMZN $AMAT $BKNG $MSTR $IBIT $MS $GOOGL $PSTG $GS (Thanks)
  • Simar297: @StockMarketMentor $MU $COIN $RNA $WFC $AMZN $AMAT $BKNG $MSTR $IBIT $MS $GOOGL $PSTG $GS are we closing $lly as well Dan, please advise
  • ManSim: @StockMarketMentor $MU $COIN $RNA $WFC $AMZN $AMAT $BKNG $MSTR $IBIT $MS $GOOGL $PSTG $GS Hi Dan I jsut want to confirm that you just took $MSFT off the ATL? Should $LLY be off as well? Thank you.
  • BarryC: Hi Everyone, Im currently #Long: $ACVA, $CFG, CVNA, $DELL, $FCX, $MRK, $MU, $LWL, $PSTG $RDDT & $URA. Also have some PURE JUNK $GME
  • champ: $PSTG..is HOD......
  • champ: $PSTG ....back-in at $59.03.
  • StockMarketMentor: ...
    $PSTG -- New addition yesterday and continuing yesterday's breakout and up almost 4%. I am raising the suggested stop just a little bit to cut down on a worst-case scenario. New suggested stop if 53.20.

    $GOOGL -- No change in this one. Monday' ...
  • HowardIII: @StockMarketMentor $DELL $BPMC $GS $CRWD $PSTG $GOOGL $NVDA $AMZN $KKR $AVGO $BKNG $MSFT $RNA $WFC $JPM $BAC $MU Dan.. what's your interpretation for the banks catching a bid as of late? Charts looks great..
  • woodman: @StockMarketMentor $DELL $BPMC $GS $CRWD $PSTG $GOOGL $NVDA $AMZN $KKR $AVGO $BKNG $MSFT $RNA $WFC $JPM $BAC $MU - KKR is a breakout. Looks nice on the weekly in terms of making the next leg up.
  • champ: $NVDA $TSM $PSTG $DELL $CSCO......these are my swing positions, in the tech sector that I'm holding and I'm going to swing a small position into $CSCO earnings report, after the close today, because of their new #AI-server. ~~~~~~~~~~~~~~~~~~~~~~~~~~~
  • bigreek42: $PSTG breaking out
  • DavidG: $PSTG mentioned by @ Dan as forming a high base, has broken out above @Dan's level. I bought some.
  • StockMarketMentor: Adding $PSTG to the Active Trade Idea List. Basis: 55.89 Stop: 52.25 --Dan
  • champ: $PSTG is a great stock for Retail-companies....for advertisers....and also for TV Campaign's, like for Elections.... ....and also for Doctors-strategy..... for all kinds of uses..... ....look for a nice #Pre-earnings move, they will report on 5/29/after. >>>>>>>>>>>>>>>>>
  • champ: Fun-day, with real nice profits on the close...and every stock I have wast up today, however the Markets could be #Tested in the morning...because it could go either way........ ....and I'm still holding 10 positions and each have nice swing-insurance profits, so I can't get hit too hard..... ....and $GTLS was my best position today...and I did take 1/2 off on this real nice Day-trade, however I would like to add back....... ....and $PSTG was another Day-trade, that I'm also swinging...... ....and now... I'm out-of-here. ~~~~~~~~~~~~~~~~~~~
  • trtl: @champ $GTLS $PSTG #Tested Thanks for sharing, buddy. It’s always appreciated!
  • scottrades: $MSTR $EME & $PSTG being added to the MSCI Equity Index
  • scottrades: My notes: $SPY Priced for Perfection $QQQ Back to the scene of the crime $IWM Watch 208 $DXY Watch tomorrow $TNX Watch tomorrow $GLD Watch tomorrow $SLV Watch tomorrow $GDX Watch tomorrow $SMH Watch 231 $XLF Watch 42.20 $XLK Watch 212 $GBTC Weekly Handle $AMZN Support at the 21 EMA $MSFT Watch above 418 $NVDA Earnings May 22 $AAPL Extended off the 8EMA $GOOGL Had their IO Event today $DELL Working $META Watch 477.50 $MU Curling up $AXP Working $CRWD Added to The ATL @ 325.13 - Stop 307.50 $PSTG ATL @ 55.89 - Stop 52.25 $AVGO ATL @ 1376.62 - Stop 1274.90 $RNA ATL @ 28.50 - Stop 24.20 $MSTR Coiled under the 50 Day
  • StockMarketMentor: $PSTG is a great candidate for the ATI List... with a condition. The stock is up at the top of the channel. However, I'm going to set a conditional parameter here. I'll only consider adding this to the list IF it breaks through the morning high of 54.88. Until/unless it does that, it is just a potential trade. Here is no advantage in buying now because the stock is still in a channel. If 54.89 is hit, then I'll put it on the list with a max stop at 52.50 (just below the 50-day MA). Remember -- "potential" is not the equivalent of "right here, right now." There is a good chance that this trigger will not be hit, and that the stock will continue to compress in a trading range. Focus on the "right' entry rather than the "right now" entry. --Dan
  • BarryC: Hi Everyone! Hope ya had a good weekend!! Back to work & trading :-) I'm currently #Long: $BX, $CLSK, $CTVA, $GLD, $IBIT, $PATH, $PSTG, & $XBI
  • DavidK: @BarryC $BX $CLSK $CTVA $GLD $IBIT $PATH $PSTG $XBI #Long ahort $SPY AND$AMAT via puts . Let’s see which way crooks push this bloated market .
  • BarryC: Hi Everyone!! I'm currently #Long: $AMD, $BX, $CLSK, $GLD, $IBT, $PATH, $PSTG & $XBI I'm also #Short some $GS against the 21 Day :-)
  • BarryC: Hi Everyone.... I'm currently #Long: $BX, $CLSK, $IBIT, $PATH, $PSTG & $XBI... I also have some JUNK $UPST CALLS that will be a ZERO today :-)
  • BarryC: Hi Everyone!! GM!! Im currently #LONG: $AFRM, $BX, $IBIT, $MRVL, $PATH, $PSTG, $XBI and some JUNK $UPST CALLS...
  • BarryC: Hi Everyone!! Hope ya had a great weekend!! If anyone cares, I'm currently #Long: $ABBV, $BX, $GTLB, $IBIT, $MRVL, $MSOS, $NVO, $PATH, $PSTG, $$XBI
  • BarryC: Hi Everyone!! Hope all is good in the hood :-) Im currently $Long: $ABBV, $BX, $GTLB, $IBIT, $MRVL, $MSOS, $NVO, $PATH & $PSTG... I'm still staring at $XBI in particular.... Have a great day!!
  • BarryC: I bot some $PSTG
  • Momentariness: $PSTG Nice breakout yesterday, pulling back towards Bollinger Band today, Anyone have any thoughts on the breakout?
  • jpoko13: $PSTG making its move on a breakout
  • Wykeman: $PSTG nice move on vol
  • Motorman: @DrScience $HEAR $RELY $RSI $PLAN $SPLK $DMRC $NTNX $PSTG $SNOW $KIDS $VSCO $RMNI $CHPT $BOX $OKTA $AEO $BBSI $CCSI $VEEV $GEF $SGFY $INVE $HCCI $FOA $REV $BBY $TWI $GOGO $BIG $EYPT $BURL $UTZ $BJ $BF $KR $MEI $ABUS $CRAI $PASG $GMS $CNSL $ATRS $TTC $VIA #Earnings #Earnings These have already reported.March 2
  • DrScience: #Earnings tonight. Note those wide possibilities! $HEAR +/-18.5%, $RELY /-18%, $RSI /-17.4%, $PLAN /-16.1%, $SPLK /-15.4%, $DMRC /-13.9%, $NTNX /-13.4%, $PSTG /-13.4%, $SNOW /-13.2%, $KIDS /-11.9%, $VSCO /-11.3%, $RMNI /-11%, $CHPT /-11%, $BOX /-10.9%, $OKTA /-10.8%, $AEO /-10.7%, $BBSI /-9%, $CCSI /-8.5%, $VEEV /-8.4%, $GEF /-8%, $SGFY /-7.4%, $INVE /-7.2%, $HCCI /-5.5%, $FOA /-4.2% #Earnings tomorrow $REV /-12.8%, $BBY /-12.5%, $TWI /-11.7%, $GOGO /-11.6%, $BIG /-11.6%, $EYPT /-10.6%, $BURL /-10.4%, $UTZ /-9.9%, $BJ /-9.7%, $BF.B /-8.9%, $KR /-8.7%, $MEI /-7.2%, $ABUS /-7%, $CRAI /-6.8%, $PASG /-5.7%, $GMS /-5.6%, $CNSL /-5.6%, $ATRS /-4.5%, $TTC /-4.3%, $VIA /-3.2%
  • scottrades: Nice short term volume on $PSTG. Close to Daily resistance at 33.78
  • woodman: @Coolex $acn $avgo $ftnt $anet $CDNS $SNPS $panw $qcom $LITE $mxl $xlnx $isrg $TNDM $iqv $DHR $WST $ZTS $abt $pfe $LLY $arcb $NSC $DVN $CVS $CCI $NTR $BRO $slab $cien $pki $tmo $pi $nvda $googl $msft $aapl $simo $on $onto $tenB $AMBA $MDB $PSTG Thanks for the list.
  • Coolex: @woodman $acn $avgo $ftnt $anet $CDNS $SNPS $panw $qcom $LITE $mxl $xlnx $isrg $TNDM $iqv $DHR $WST $ZTS $abt $pfe $LLY $arcb $NSC $DVN $CVS $CCI $NTR $BRO $slab $cien $pki $tmo $pi $nvda $googl $msft $aapl $simo $on $onto $tenB $AMBA $MDB $PSTG My pleasure:)
  • Coolex: Strong stock list @scott n @bRobert Appreciate your feedback and let me know if you don't like some of these names!! $acn $avgo $ftnt $anet $CDNS $SNPS $panw $qcom $LITE $mxl $lrcx $xlnx $isrg $TNDM $iqv $DHR $WST $ZTS $abt $pfe $LLY $arcb $NSC $UNP $DVN $CVS $CCI $NTR $BRO $slab $cien $pki $tmo $DHR $pi $nvda $googl $msft $aapl $simo $on $onto $tenB $AMBA $MDB $PSTG $bldr $bxc $IBP $MLM $VMC $CF $NTR $UAN $FCX
  • CdrJake: nether?@Motorman $NET Good luck... Meanwhile Do you think the $PSTG chart little move up today sorta looks like that same chart pop that NET had?
  • CdrJake: $PSTG @Scott move up today seems to be your kind of trade. What's your interp?
  • Motorman: @CdrJake $NET $PSTG Yes looks a bit similar, $PTSG ahead of $NET.
  • CdrJake: $PSTG Starting a move above downtrend line
  • Docoof: $PSTG Seven buy ratings and raised PTs ($30-$35) today.
  • CdrJake: $PSTG +16% gap break out on pos earnings..after 4 weeks flat following 2 week engulfing reversal.
  • kycol: @Scottrades What do you think of $PSTG RHRN? Looks like a nice cup…
  • scottrades: @kycol $PSTG If I'm ever bottom fishing, I like to do it closer to the moving averages, like a move through or a push off on volume. This chart is a little above, so that prints a little pocket of air that could fill to the downside about 4%. So if you're buying this here, that would be the level I'd want to size it off of. Hope that helps!
  • scottrades: Some #Earnings to be aware of this coming week: $NVDA $APPS $CRM $RIDE $SNOW $COST $BBY $LI $DG $AZO $DKS $CTRN $ANF $OKTA $AEO $PDD $CBRL $MDT $ZS $URBN $GPS $DLTR $INTU $TOL $CPRI $JWN $TH $HPQ $ULTA $VEEV $WSM $WDAY $BURL $DELL $SOL $SAFM $A $PLAB $VSAT $TD $PSTG $AFYA $SKY
  • geebo: @Bridget $PSTG You mentioned this chart a while back. It pulled back to re-test the breakout and looks to be confirming today on nice volume.
  • Bridget: @geebo $PSTG yep, it has been a good stock for selling puts against on pullbacks
  • nathan09: @Bridget $PSTG You recommended this one days ago and I have been watching. Today it pulled back on earnings but its being bought back. Are you still watching or in it?
  • scottrades: Some #Earnings to be aware of for this coming week: $BBY $NIU $DKS $DLTR $DQ $MDT $TWST $ADSK $BZUN $DE $SJM $ANF $HRL $PLAN $BURL $ADI $A $ICLK $TNP $JWN $URBN $NTNX $DELL $DSX $WMG $GPS $AMWD $FRO $BLRX $AMBA $HPQ $AEO $ONE $KFY $ARWR $PSTG $CBT and $J $TITN $EV $CHS $DY $CMCM
  • Bridget: $PSTG breaking out of a LONG base on the weekly chart
  • 1993dean: $PSTG NICE CHART
  • Bridget: $PSTG first signs of a reversal
  • puttz: @Bridget $PSTG I don't understand your comment
  • RuDu: @puttz $PSTG I think what Bridget was saying was that until 1230 today, the stock had been going down. Then it turned around and continued higher.
  • tnt: $PSTG pushing higher out of a six month high base
  • Angdionk: $PSTG on decent volume poking out of a squeeze yesterday with 50dma and 200dma right below it
  • Angdionk: $PSTG just poking out of BB
  • Angdionk: $PSTG been consolidating since 5/26. Squeezing with 50dma and 200dma right below it. 50dma just crossed 200dma
  • Herb: $PSTG down big on earnings.
  • issues: @Wykeman $STX is in IBD industry group 30 along with $SGH $PSTG $SIMO $IVAC $MU (I eliminated $WDC down 12% and $TDC low ratings) PSTG is rated 69 (cum) B+ accumulation; SIMO is 77 B STX is 72 C and IVAC is 67 B. I like PSTG and SIMO and IVAC but they are all at the top of their range. We own $MU (rated 79 B-) $STX and $PSTG have similar (good) charts. The PE for STX is incredibly low at 8x. MU pe is 8.7x. STX pays a 4% div. STX may be your bogie.
  • Mitchell: ...
    $PSTG - finally closed the post earnings collapse in May ($17 had held as resistance since then). Consider taking a bullish position with a stop loss under $16.50.

    $TMUS - volatility squeeze after trading in a $2 range.
  • jpoko13: $PSTG I really enjoy the forum even though I don't post hardly ever but I did notice $PSTG in a nice C&H and starting to bust up.
  • Reif99: $PSTG Day two BITS trade. Long, stop below low of today.
  • genki: @DAN $PSTG $LOW$AMBA $QCOM
  • debeers: $PSTG-Not pure. Tainted. Avoid. NP
  • bbob: Dan, can you comment on $PSTG (avg cost basis 21.5) & $AKAM (avg cost basis 75). Seem to be working well. What are your thoughts?
  • DAN: @bbob $PSTG $AKAM Nice trend. Yes, I think PSTG is working well too, bbob. I'd just stay long. Same with AKAM. I think they work.
  • gig1: $PSTG Continuing to run on volume towards new ATH after earnings fall. Have built profitable position and watching closely now.
  • bbob: Dan, can you take a look at $PSTG. It has bounced off the 100 day MA 4 times in that past year. I got in on the bounce and added yesterday against the 100 day
  • gig1: $PSTG Good bounce performer this morning.
  • Danzguy: Is $PSTG oversold?? Maybe a bounce candidate?
  • jwstich: @Danzguy $PSTG CEO was on CNBC shortly before noon. His comments did not really address the stock price post earnings. Not very significant IMO.
  • bbob: @jwstich $PSTG Company has beaten estimates for the last 4 quarters. I'm watching the 20 day MA as it has bounced off that point several times in the last year.
  • jwstich: @bbob $PSTG I skimmed a transcript of the conf. and the only thing I noticed was that the analysts just asked their questions and there were no congratulations. Admittedly I could have missed something in the transcript.
  • bbob: @jwstich $PSTG I was mistaken on that 20 day MA. It has been bouncing off the 20 WEEK MA.
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Stock Price $51.66
Change 0.19%
Volume 2,431,750

Pure Storage Inc provides data storage services. It provides flash optimized software, flash array hardware and cloud based management services.

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