Friday, March 7, 2014

US Stock upTrend stock- Pandora

Pandora tumbles as listener hours slow

SAN FRANCISCO (MarketWatch) — Pandora Media Inc. saw its shares tumble more than 6% Thursday after the Internet radio company reported listener hours for February that fell slightly from the prior month and said it would discontinue the practice of delivering monthly information on its listenership.

I saw the headline of Pandora on Marketwatch website and found out that this Pandora is actually quite an uptrend stock, something that a trend follower will like to have in their portfolio. The NEWS sounds bad, but to us who trade following the chart, we are ready to trade this stock if it fall into the buy zone between 34.75- 35.50. Stoploss should be place below 33.