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.
Blinkx , the video search company formally known as Blinkx , has seen its shares recovering and could rise to 30p , according to technical analyst Zak Mir , who said the turnaround in June seemed to coincide with the company's name change, as shares went through the July moving average in July for the last time. He also said prices had been moving up since a golden cross signal in July around the 30p mark.