Market Overview

Sify Technologies Consolidating Below Daily High

Shares of Sify Technologies (NASDAQ: SIFY) are trading higher on the session by 2.30%, at $6.23. The stock popped this morning, touching $6.38, before retreating back to the unchanged level.

Shares have now bounced and are consolidating above an upward-sloping 50-minute moving average. If shares are able to rise above $6.25, a flood of intra-day orders could hit the market sending SIFY to test the daily high.

On a longer-term basis, Sify Technologies has no resistance until $6.68, then $8.54.

Sify Technologies has 12.36% short interest.

Sify Technologies Limited is an integrated Internet, network and electronic commerce services companies in India, offering end-to-end solutions with a range of services delivered over a common Internet backbone infrastructure.

Posted-In: Long Ideas Small Cap Analysis Technicals Trading Ideas

 

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