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.
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