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Plantronics Inc (PLT) Smoked 41% But Nears Buy Level

Shares of Plantronics Inc (PLT) collapsed over 40% on Wednesday after the company announced horrid earnings and a weak outlook. Funds and average investors a like are dumping the stock but patient swing traders see a golden opportunity in the rubble. There is an epic support pivot at $23.00 from 2009. Swing traders can definitely expect a bounce off this level, likely to the tune of 10-15% in the coming days/weeks. A retrace bounce to $26.00 as a target is what is expected. Lock and load!

 

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