Shares in Plc (), the video search company formerly known as Blinkx, have been recovering and could rise to 52p according to technical analyst Zak Mir. In a Tip TV segment for Proactive Investors Mir highlights: “The big turnaround came, basically in May, it is as if the change in name led to a change in fortunes as the shares pushed through the 200-day moving average in June for the last time.” He also notes a golden cross buy signal around the 30p level in July, and says the price has been edging up ever since.
RhythmOne , the video search company formally known as Blinkx , has reported its shares recovering and prices rise to high , according to technical analyst Zak Mir , who said the spike in shares seemed to coincide with the company 's name change , as shares went through the new moving average in June for the last time . He also said prices had been moving up since a golden cross signal in June around the 30p mark .