SPS Commerce provides cloud-based supply chain management solutions worldwide. It provides solutions through the SPS Commerce platform, a cloud-based product suite that enhances the way suppliers, retailers, distributors, and other customers manage and fulfill orders. This is still young and developing company in very profitable industry.
The price was hammered on February by its , but for now, it recovered most of losses and perking its head out of consolidation. Following its 8/21 EMAs nicely since mid of April.
Trade and Risk Management:
Break of consolidation resistance $53 gives us an entry on Monday. Stop below $50, wich is also psychologycal level. And giving us target at $62 - measured level from $42 to recent top $53.