ThaMoneyHunter

Pinterest gapping up ahead of ER

NYSE:PINS   PINTEREST INC
Pinterest stock just gapped up from $45 to $51 ahead of earnings mainly on a sympathy run alongside SNAP huge Q3 beat.

Today, the stock moved into the $53 range.

My expectation heading into ER is that PINS will follow Snap and post a big Q3 beat as I believe the ad revenue will be YUGE as more and more people have been home from COVID and they're spending more time online.

I am liking this stock and I am planning to enter the 50-53 C ahead of Earnings next week which I believe are 10/29.

On the chart we also see after the breakout that is, that the stock formed a mini bull pennant and broke out again to the $53 range.

I love the stock, I love to own it long term, I am buying the calls!

My PT for PINS is $70 by end of year. Lets see how this one plays out!

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