Communications tech stock Sonus Networks (SONS) is in a bullish setup is in a pullback channel and, based on the technicals, it looks like it’s going to bust out of that pullback channel.
Like a lot of stocks, SONS has come back in with the 7% market decline in recent weeks, so it’s offering an attractive entry price in its current $3 range. It’s chart is telling me it has the potential to move to the $5.00 area during the summer.
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