Yesterday the stock fell because the company's EVP of Global Sales left the company. This follows 5-6 (yes 5 to 6!) other senior enterprise sales executives and that have left in the last six months.
No company loses this many sales executives and hits their numbers. I anticipate that Five9 is going to miss next earnings pretty badly. Next earnings are on July...
FIVN is forming a nice downward momentum short setup. It has some insder selling & Twiggs money flow going down sharp to the negative side. We think it has good downside potential.
To play this we Could consider $30 July puts currently $2.65
Date First Found- April 4, 2018
Pattern/Why- Downward momentum short setup
Entry Criteria- $26.43
Exit Criteria- 1st...
Here is another setup I like in which 3 month and 1 year charts show a definitive upward trend. All the moving averages are upward sloping as well. I'd look for entry above previous day's highs. Stops would be placed around $11.92 for a tight stop, but possibly using the 40 day moving average for a more conservative stop would work out as well.
Five9, Inc. engages in the provision of cloud software for contact centers. It specializes in omnichannel routing, analytics, workforce organization, and reporting. The company was founded in December 2001 and is headquartered in San Ramon, CA.