Infinera Breaks Descending Channel On Heavy Volume

Published: 29/05/2017
Infinera Breaks Descending Channel On Heavy Volume
Source: STOCKCHARTS.COM

Infinera (INFN) gapped higher in February on massive volume, but has been falling in a descending channel ever since.  Volume accelerated on Friday as INFN clearly broke this down channel.  The reversal also is taking place after a key gap support level was filled and tested.  Take a look at the chart:

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