INST: Instructure Inc. Long

MACD (12, 26, close, 9): Showing a cross on the daily on 7/9/2018, as well as a cross on the weekly for this week if momentum holds up.

Trendlines: Drawn on a weekly chart you can see what looks like a loose long-term channel, showing strong momentum for the upcoming weeks. INST just broke past a resistance point on both weekly and daily charts . On the daily chart , there may be a cup and handle forming very shortly.

Moving Averages(20, 50, 200, SMA ): Price is now sitting above 20 and 50 sma , and should continue the upward trend.

Volume: What drew me to this stock was the large pop in volume on weekly charts following a past earnings report, showing lots of strength.

Up today on a Citibank upgrade with a $55 pt, Company has little to no debt and has been exceeding past earnings estimates.

I bought 35 shares on 6/12/2018 at 45.50, I am thinking about purchasing more if price action breaks past previous highs at 46.95

Stop at 40.30, PT $50


Comment: Company develops SAS for business and education. I've been to three colleges and Canvas was by far the cleanest and easiest platform I've used so far. Also develops Bridge, Arc, and Gauge used for corporate learning videos and assessing student performance.
Comment: Huge pop today, holding to see if we touch the upper bound of the channel.
Trade closed: stop reached: Oof, Down 17% Beat earnings and rev. Didn’t raise guidance. Very irrational imo but stopped out either way.
SaaS that isn't yet profitable...and larger future neg. earnings hard lesson here. When will they be profitable?
Education has PEG ratio 2.35 and 12% growth, while Software is 1.9 and 17% growth per below link (Jan 2018).
odeaolay Pokethebear
@Pokethebear, Thank you this is perfect! Should have just stayed with the technicals. been trading too heavy with earnings this year
Should have seen that this failed breakout when it retested resistance and failed. Burn and Learn
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