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Beta
Title
Last Update
5/24/2013
MERU
MERU NETWORKS
STAY SHORT
Last Pattern: BULLISH ENGULFING
Last Close:
3.5400
Change:
-0.0300
Percent change
-0.84%
6 mo. Rating 5★
$100⇨ 210.92
12 mo. Rating 5★
$100⇨ 429.42
24 mo. Rating 4★
$100⇨ 2,046.32
Signal Update
Our system’s recommendation today is to STAY SHORT. The previous SHORT recommendation was issued on 5/1/2013, 23 days ago, when the stock price was 5.4950. Since then MERU has fallen by -35.58%.
Market Outlook
Bear market rallies may be vicious reversals, giving hard times to those holding short positions; so, it is better to be on alert.


Intraday Module is ON. To follow the confirmation status, click here.
Candlestick Pattern Chart
The chart showing Series 1 series.
Pattern Description
This pattern is characterized by a large white body engulfing a preceding smaller black body, which appears during a downtrend. The white body does not necessarily engulf the shadows of the black body but totally engulfs the body itself. This is an important bottom reversal signal. more...
Signal History
6 mo.
12 mo.
24 mo.
Date
Price
Signal
$100⇨
5/1/20135.4950SHORT 1,509.33
4/29/20135.7750BUY 1,592.60
4/23/20136.4700SELL 1,595.79
4/16/20136.6780BUY 1,650.39
4/8/20136.4902SELL 1,653.70
3/19/20136.2100BUY 1,585.48
3/15/20135.7250SELL 1,588.66
3/12/20135.5000BUY 1,529.28
3/8/20134.6850SELL 1,532.34
3/5/20134.3800BUY 1,435.45
2/26/20134.1501SELL 1,438.33
2/6/20133.1050BUY 1,078.28
2/1/20133.1550SELL 1,080.44
1/30/20133.2590BUY 1,118.29
12/26/20122.6960SELL 1,120.53
12/10/20122.2900BUY 953.69
11/29/20122.2650SHORT 968.20
11/19/20122.2685BUY 973.59
11/13/20122.4000SHORT 926.72
11/9/20122.5250BUY 978.90
10/25/20122.9901SHORT 850.53
10/17/20122.9750BUY 849.63
10/2/20123.4017SELL 851.33
9/27/20123.3783BUY 847.17
9/24/20123.3300SELL 848.87
9/14/20122.6785BUY 684.16
9/6/20122.9870SHORT 622.60
9/4/20122.9630BUY 620.08
8/27/20123.2700SELL 621.32
8/17/20123.3900BUY 645.41
8/15/20123.3401SELL 646.70
8/10/20123.0950BUY 600.45
8/6/20123.1021SELL 601.65
7/27/20122.5679BUY 499.04
7/11/20121.7050SELL 500.04
6/29/20121.6091BUY 472.86
6/26/20121.6350SELL 473.81
6/19/20121.5650BUY 454.43
6/14/20121.5650SHORT 456.25
6/5/20121.6249BUY 475.61
4/16/20123.0050SHORT 327.23
4/12/20123.0000BUY 328.00
4/9/20123.0900SHORT 320.00
4/4/20124.1050BUY 426.82
3/22/20124.5900SELL 427.68
3/19/20124.5490BUY 424.71
2/27/20124.8550SELL 425.56
2/13/20123.9300BUY 345.17
1/31/20125.0800SELL 345.86
12/21/20113.3450BUY 228.19
11/22/20114.9200SHORT 173.55
11/4/20115.0663BUY 179.43
10/10/20117.3800SHORT 137.15
9/26/20117.9500BUY 148.34
9/19/20119.1600SELL 148.64
9/9/20118.2700BUY 134.47
9/2/20118.1600SHORT 136.85
8/29/20119.0000BUY 151.54
8/25/20118.5650SHORT 160.29
8/23/20118.3200BUY 156.33
8/5/20119.5350SHORT 139.22
8/2/20119.2400BUY 135.45
6/23/201114.1300SHORT 101.03
6/16/201114.6050BUY 104.85
6/2/201116.2200SHORT 95.74
5/31/201116.8400BUY 99.80
† Trade commissions taken as 0.20%.
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