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Thursday, August 2, 2012

8x8, Inc. (EGHT) Quitely Rising

8x8, Inc. (EGHT) has been trading in the $4 range since February of this year.  Share price has moved so little that most people probably have forgotten about it.  However recently the stock has quietly rose up and is now trading at $5.48 per share.  The technical chart shows the stock is on a breakout with both 50 day MA and 200 day MA rising.  We may see some pull back to the moving average but this could mean great buying opportunity.


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