US Stock In Play: $BCOV (Brightcove Inc)

BBCOV closed the half-day trading session at $17.64, an intraday gain of +2.08% at 98.68k transactional volume. The trading volume of BBCOV have significantly declined since the start of December, which led to a bi-directional (“drifting”) behavioral price action during the course. The lost of directional momentum have also allowed BBCOV to formed a short term Symmetrical Triangle chart pattern, identical to the mega capped companies that were highlighted last month (eg. TSLA, AAPL, AMZN).

At the current junction, BBCOV remains above its 20DMA, with an expectation of clarity in directional play in the upcoming week.