Although $TYL missed EPS and REV in the latest report, it happened by a small margin and the company recorded +16% in revenues in 2022 and +18% on the Operating Income. $TYL has a good business growth history and the stock price have some perspectives to improve. I post these ideas for my journal. Do your homework and size your position accordingly.
Strong support on the trendline & 200dMA(blue). 20dMA (green) crossing upwards through the 50dMA(red) which is medium term bullish signal. Our STOCH is hanging around in oversold territory currently & just recently has a nice hammer candle. Some DD - Tyler Technologies just recently acquired ReadyStub, which makes scheduling software for school districts....
These are the tickers which have closed below their 200 EMA today.( definitely entered Bearish trend ) Please pay attention to increased volume during down trend and the very same day these tickers closed below an important level.
First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I believe TYL given its bullish momentum right now is soon going to pass the $380 threshold, and if the market is looking bullish may also pass that $385 threshold for a new high. As a short target, it looks like the market...
$TYL is breaking out cup w handle today. RSI is higher high too. The volume is still weak though. we may expect for back test. If you find my charts useful, please just leave me a "like"