“Hi Eoin - glad you're back :)

“Please add Ruckus Wireless (RKUS) to the Chart Library...

“Ruckus Wireless recently went public at $15 on Nov 16, and has shown a steady progression of higher lows and higher highs since initially dipping to $12.25.  Ruckus, headquartered in Irvine, CA, produces wireless access solutions for schools, hospitals, hotels, corporate campuses, and small/medium businesses.  I am a customer, so I have done some unusual due diligence :)

Here is a pdf for the entire email which includes quite a bit of technical detail.

Eoin Treacy's view Thank you for your well wishes, it's good to be back and I hope all is well in Los Gatos. Thanks also for this suggestion and your valuable intelligence on network equipment providers. It must be gratifying to see a company whose share price rises following its IPO. RKUS has been added to the Chart Library.

Elsewhere in the communications equipment sector Cisco Systems retested the lower side of its base in 2012 near $15 and has held a progression of higher reaction lows since. While somewhat overbought as its tests the $22 area, a sustained move below $19.50 would be required to break the sequence of higher lows and question medium-term potential for some additional upside.

Juniper Networks failed to sustain a breakout from its decade long base in 2011 and dropped from $45 to $16 by later that year. The share has been ranging mostly above $15 since but has exhibited an upward bias over the last six months. It pushed back above the 200-day MA for the first time since 2011 in December, before consolidating, and reasserted demand dominance with a breakout last week. A sustained move below $20 would now be required to question medium-term scope for additional upside.

Motorola Solutions announced better than expected earnings today and the share remains one of the sector's better performers. It has held a progression of higher major reaction lows since early 2009 and while somewhat overextended relative to the 200-day MA at present, a sustained move below $53.50 would be required to question medium-term scope for additional upside.