Pandora's Rally Finds Resistance

Pandora

shares are trading higher by $0.54 AT $12.05 Monday's session. The catalyst for the rally is comments from a Barrington analyst that stated the closing of the Ticketfly deal and Pandora News shows, will allow the company "to monetize more than songs." Wedbush's Michael Pachter disagrees and characterized the rally a a "'dead cat bounce". So far, the rally off the open has been stymied just shy of Friday's high ($12.16), only reaching $12.15. If the rally continues through this area, it will have another pair of highs to contend with from Wednesday's ($12.50) and Thursday's ($12.52) sessions.

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