SHARP CORPORATION STOCK UP 11%

Sharp corporation stock rose as much as 11% in Tokyo.  They are the provider of screens to Nintendo corporation and have merged with Foxconn.  They received a rescue package from Foxconn earlier in the year when they posted fiscal losses.  On the other hand the monthly chart reveals that a high was reached on Oct. 20, 2016 at 168.00 yen, which then indicates that perhaps it may go bearish if short.  If the Nintendo Switch and other products similar to it sells well it could be indicative of greener pastures for Sharp corporation.