Music To My Ears

According to Yahoo this is Pandora’s profile; Pandora Media, Inc. operates as an Internet radio company in the United States. It provides its radio service to traditional computers, Android phones, Blackberry phones, and the iPhone. The company allows listeners to seed personalized stations with artists, composers, songs, and genres or choose stations organized by genre, as well as enables listeners to create up to 100 personalized stations and use combination feature to listen to two or more of their stations at one time. It also offers display advertising, audio advertising, video advertising, and mobile advertising products. The company was formerly known as Savage Beast Technologies Incorporated and changed its name to Pandora Media, Inc. in July 2005. Pandora Media, Inc. was founded in 2000 and is based in Oakland, California.

The stock might be undergoing a change of character that one should take note of.  Ever since 7/26/2011 $P 20 day moving average has been significant for the stock, providing stiff resistance when below and subtle support when the stock has been above it.  Pandora has traded below its 20 day moving average from 11/11/2011 until 1/3/2012.  The 20 day has now flatten out as you can see on the chart, and has provided some support over the last couple of days.  If one were to consider getting long the stock here at these levels, the 20 day moving average should be your guide with a worst case scenario stop of $9.84.

Currently 18% of the float is short and the short ratio is 5 days.


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