AlTorress

NETa quarterly gainer, rising +64%. Expect Uptrend continuation

Long
NYSE:NET   Cloudflare, Inc.
Cloudflare Inc - Ordinary Shares - (NET, $38.7) was one of top quarterly gainers, jumping +64.26% to $38.7 per share. Tickeron A.I.dvisor analyzed 118 stocks in the Information Technology Services Industry over the last three months, and discovered that 96 of them (81.4%) charted an Uptrend while 22 of them (18.6%) trended down. Tickeron A.I.dvisor found 43 similar cases when NET's price jumped over 15% within three months. Tickeron AI shows that
in 43 out of those 43 cases, NET's price went up during the following month. Based on these historical data, A.I. thinks the odds of an Uptrend continuation for NET are 90%.

Current price $41.12 is above $38.35 the highest resistance line found by Tickeron A.I. Throughout the month of 06/25/20 - 07/28/20, the price experienced a +9% Uptrend. During the week of 07/21/20 - 07/28/20, the stock enjoyed a +2% Uptrend growth.

The Aroon Indicator entered an Uptrend today. Tickeron AI shows that in 23 of 24 similar cases where NET Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
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