Intelsat New 78 Day High Pattern

Sep. 15, 2017
Oct. 3, 2017
Apr. 6, 2018
I. Intelsat S.A. Common Shares

 April 6, 2018. Intelsat made a New 78 Day High. The next day it broke out of the failed $5.00 previous breakout. This combination is a potent signal for an uptrend. 6 Days later around April 18, 2018, it made a New 55 Day High with a very huge volume breaking out of $8.00. From there it reached up to $20.60 around June 20, 2018 (2 months from the breakout). 4 Days later around June 27, 2018, it was followed with heavy selling. But this heavy selling is quite unusual. From the close of June 26, 2018 which was 17.36 it opened the next day with a huge gap. It opened at a price of 20.91. From there heavy selling occured all the way to 17.22, around 14 cents lower from the previous close. This looks like there is heavy pressure now of selling. The 20EMA is getting close on the 50EMA. This could be a signal of the end of the run.