Stage 1 IPO consolidation breakout
The reason to pick this stock is also the fact that the last three quarters have shown sales growth of 40% and upwards. The institutions have raised their stake in the stock by 10% overall. I have made an entry at 420.50 for a 20% upmove. if the stock moves upwards and holds its gains, I would be keen to book some profits and hold on to the rest for the annual earnings reports in March.
Value doesn't move stock prices, people do by placing buy orders. Value is only part of the equation. Ultimately, you need demand - Mark Minervini
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Value doesn't move stock prices, people do by placing buy orders. Value is only part of the equation. Ultimately, you need demand - Mark Minervini
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.