TTD is one of those solid fundamental companies you want to own. The company seems to either get beat down or takes off around earnings. Even though earnings were higher than estimated the stock got beat down. I see this as a good entry point. TTD is very over sold here and just starting a run higher IMHO.
Shares of Trade Desk Inc (NASDAQ: TTD) have nosedived 12 percent since Friday morning amid investor concern over Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) possibly considering restrictions on third-party ad targeting on Chrome.
The investor reaction appears overblown given the company’s solid fundamentals, according to Oppenheimer.
TTD had a very good run recently & now seems forming a flag formation. We are looking for a pullback to get in to the trade & would hold it updating the stoploss behind the trade.
* Trade Criteria *
Date First Found- February 28, 2017
Pattern/Why- Flag setup (Possible Day Trade)
Entry Target Criteria- Pull back to $40.13
Exit Target Criteria- Momentum