Signal Says Pure Storage Stock Could Bounce by January

Computer hardware stock Pure Storage Inc (NYSE:PSTG) is 1.5% higher to trade at $69.90 this afternoon, attempting to pare back some of its post-earnings bear gap, which sent it 27.3% lower yesterday. While not the first post-earnings selloff the shares have suffered, it comes just weeks after a Nov. 3. record high of $100.59. There is no reason to panic, however, as a historic bull signal just began flashing.Per Schaeffer's Senior Quantitative Analyst Rocky White, the stock is within 3% of the 12-month movi ...