Trade Ideas: SVR

Interesting counter break from a sizable correction. Look for bounce to former trendline support and/or $24 resistance (whichever is lower). Run stops on a break of the most recent reaction lows.

Syniverse Holdings, Inc. provides technology services to wireless telecommunications companies in the United States and internationally. Its integrated suite of services include technology interoperability services, which enable the invoicing and settlement of domestic and international wireless roaming telephone calls and wireless data events; SMS and MMS routing and translation services between carriers.

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