nickso833

Long entry price breakout continued leading into earnings

NASDAQ:ALTR   Altair Engineering Inc.
Although the recent insider selling of his own stock occurred most recently, considering from a technical perspective price has been on a significant run for quite some time its only natural to take profit. There may be further long entry, it may be better to wait after they report earnings as price may slightly drop if enough buyers don't step in. The bullish momentum has been quite strong but the herd mentality would be to follow suit what the insiders are doing. The massive insider selling at this price can be looked at as negative unless they perceive more growth and this could be an opportunity for an entry long before it continues much further. From a technical perspective its actually quite good that they sold shares as this would provide the price to drop a bit which would also drop the rsi oscillator and be away from being overbought. Price recently broke its all time highs and of the last 4/5 trading days have led to increased momentum to the upside.

infamousnicone
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