GDDY - RSI not very strong - hit top. Potential reversal.
GDDY (short term - short. Long term - this stock is a keeper, Long)
GoDaddy Stock has again came out with strong financials, pushing the stock higher and higher. However, during this weak and fearful economic time, I don't believe this is the time where we will rally north of the all time high. We are currently bouncing off a resistance level, and did not have enough support to rally past it. We may see some return to normal prices before we resume the upward trend. Just my .02cents
The market has been strong lately, but not typical. The leaders of the pack have all been pharmaceuticals, and other atypical industries due to current circumstances.
However, look for breakout pattern to emerge. Market could gain enough steam and break out previous highs.
GoDaddy Stock has again came out with strong financials, pushing the stock higher and higher. However, during this weak and fearful economic time, I don't believe this is the time where we will rally north of the all time high. We are currently bouncing off a resistance level, and did not have enough support to rally past it. We may see some return to normal prices before we resume the upward trend. Just my .02cents
The market has been strong lately, but not typical. The leaders of the pack have all been pharmaceuticals, and other atypical industries due to current circumstances.
However, look for breakout pattern to emerge. Market could gain enough steam and break out previous highs.
Comentarios:
Breached the trendline briefly, hit a double top, the approaching reversal seems to be being tested. Prices looking at $70, to $67 if that level fails.
