Technical Summary: The one year chart of SPOT looks very similar to the 5 year. This is because it is a recent IPO and the stock has not been listed much longer than a year. Like many tech IPOs recently the stock is currently trading materially below its IPO price. Initially the stock rallied to highs of nearly $200 per share before falling in the December pullback to lows of just above $100. Since that time the stock has regained some ground and is currently consolidating between $130 and $140 per share. This is one worth adding to your watchlist as the view is that big things could happen to the stock in either direction. When an outcome is binary – expect fireworks.