I've traded this name in the past with some success. It had an earnings beat and guided higher but sold off. I like how it's holding up today and bounced off the 50 SMA and the 21 EMA and has also taken back the shorter 10 SMA and 8 EMA. Small position to start. We'll see how it plays out.
From Earnings Whisper:
Avalara (AVLR) reported 4th Quarter December 2020 earnings of $0.08 per share on revenue of $144.8 million. The consensus estimate was a loss of $0.06 per share on revenue of $133.4 million. The Earnings Whisper number was for a loss of $0.02 per share. Revenue grew 34.5% on a year-over-year basis.
From Earnings Whisper:
Avalara (AVLR) reported 4th Quarter December 2020 earnings of $0.08 per share on revenue of $144.8 million. The consensus estimate was a loss of $0.06 per share on revenue of $133.4 million. The Earnings Whisper number was for a loss of $0.02 per share. Revenue grew 34.5% on a year-over-year basis.
Trade closed: stop reached:
I forgot to post. I was stopped out on this Feb 23. I'll keep it on my watch list to see how it shapes up.
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I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.