Dynatrace (DT) - Pullback & Long SetupI've been leaning bear for so many weeks now that I'm already looking for growth names to go long on after a much-needed pullback across indices.
Before the long entry, though, it is advisable to wait patiently for a pullback. As much as it sucks, the equities market will likely experience either a sizeable correction or short-term crash due to sustained, extreme topping action over the past several months.
Easy monetary policy makes it tempting to long hyper-growth tech companies like DT as soon as the next session starts, but it will be difficult to continue at such a sharp pace without the requisite technical pullback to support it.
That said, DT is poised to become a multi-bagger if it reports yet another stellar report in mid-May. Both the top and bottom line growth is nothing short of stunning so far, and I believe that this trend should continue. In fact, I'd be not-so-surprised to see over 1.00 $/share this time, next year.
Thus, I am posting a future Pig-Play in advance because:
a) this will certainly become one, and
b) I'm sick of leaning bear already (even though the market is still VERY MUCH bearish)
Wait for the pullback, don't wait for the pullback, it doesn't much matter if you're holding til 2050 since this will be triple digits per share by then anyway.
-DynaPig
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