(APPS) Digital Turbine has been consolidating all of 2021 after its market leadership last year. Difficult to say if that same leadership will continue, but the evidence suggests this is a good spot to put APPS back on the radar for a long position.
A view applying the 50 day and 200 day moving averages:
Despite the market being weak, $APPS is showing good relative strength. Definitely one to watch when the indices are green as it should really pop above $67.50! The whole $5B to $30B market range of companies is where I'll be looking for strength in the coming weeks.
Targets are in green, good luck & happy trading!
Big breakout from 5-month consolidation channel and Ascending Triangle. Anytime we get a breakout from consolidation channels like this, we want to measure the high and low of the channel and add that measured distance to the top of the channel. The implied move here is $120.
APPS is daily is bullish, the closing price was blocked at 75.77 and triggered a correction phase.
For me the point to buy is the break by the price the level 75,77. And the first target is : 84.84.
In weekly the trend is still up but in consolidation phase. If we preserve the support 70.45 we can hope a trend continuation
TTD MGNI PUBM all received upgrades from Analyst Berenberg. APPS is in same sector and had an upgrade about 2 weeks ago. It broke thru resistance and look for resistance at .786 Fib level. FOMC today, jpow mentioned tapering soon as November, but I see the stock market going up in the next 3 months.
I havent been actively trading lately, as I have not seen any...
I picked the timeframe of the superior uptrend and downtrend of Momo and draw the same sideways formation before the big jump 2015-16.
And what a surprise, there are similarities about the price action.
1. IPO prices sinks
2. Rises back
…and so on
Momo is a free social search and instant messaging mobile app for Millions of Chinese people. The app allows users...
-Digital Turbine is one of 617 companies in the Computer and Technology group. The Computer and Technology group currently sits at #14 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
-Within the past quarter, the Zacks...
Boy, I scan companies for a living and although this ones balance sheet (as I write this) may not be the best pick for VALUE today, it is certainly setup well for an earnings surprise going into Q2. The CEO has said they have realized over $1.5M USD of top line revenue with an entire MONTH left in the quarter.
Not to mention - he even said he fully expects to...