TiVo $TIVO closed the 7/31 session trading around $7.58. It will open the 8/1 session most likely above $8.00. It jumped to $8.25 in after hour trading. Here's a snippet from Yahoo Finance:TiVo (TIVO) Beats Q2 Earnings and Revenue EstimatesTiVo (TIVO) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 31.58%. A quarter ago, it was expected that this digital video recording company would post earnings of $0.19 per share when it actually produced earnings of $0.08, delivering a surprise of -57.89%. Over the last four quarters, the company has surpassed consensus EPS estimates just once....TIVO been consolidating after a long-winded bearish trend. after a crash in 2011 into 2012, price has been trading sideways with a bearish tilt. We can say the market has been bearish-neutral, with an emphasis on the bearish.TIVO Weekly Chart(click to enlarge)No Sign of Life:- As we can see on the weekly chart, the market is essentially still bearish. - The recent consolidation is a blip in long-term bearish market.- Thus, I wouldn't get too excited about this bullish jump. - Whatever the reason for this sudden demand, it will be against the trend. - On the daily chart, we can see that if price approaches $9.00, TIVO will be facing a previous support area, which will likely become resistance in a bearish market.- There is also a falling resistance around $9.00, reinforced by the 200-day simple moving average (SMA) just above. TIVO Daily Chart(click to enlarge)