OTEX stock has fallen from an all time high from 50$ down to 46.50 area. This is a really good discount and analyst estimate a future price of $55-58. For this trade, you can buy a cheap May option for around 3.40$ per contact and has a high chance of bringing more than 50% return in the short.
Stock made a new all time high on 2/8
Hey guys, OPEN TEXT CO is in a bullish movement with a return of buy volume issued and a form of marubozu followed by buyers. In the TIMEFRAME M1 we see a marubozu with a large purchase volume made it came to test the top of a comfort zone. It is very plausible to breakout the price with a return of momentum at the same time the zone to interfere in the next one....
Hey traders, OPEN TEXT is in a fake bearish push with a pickup in traded buying volume and sellers' wickedness. Looking at the TIMEFRAME M1 we see a marubozu with a high volume of purchases executed. Great potential to test again the consolidation zone for finally the breakout to interfere in the one above. And arrival on the last highest with the height of a...
Earnings 8-6 AMC
Long term uptrend before crash
Lacked volatility as a rule
Not a recommendation
Open Text Corporation provides a suite of software products and services. The company offers content services; business network, a cloud-based platform that facilitates collaboration and exchange of information inside and outside of organizations; artificial...
A stock with good fundamentals has broke historical level and is doing and ideal pullback.
EPS % Chg (Last Qtr) 23%
3 Year EPS Growth Rate 19%
EPS Est % Chg (Current Yr) 15%
Annual ROE 27.31%
Sales % Chg (Last Qtr) 29%
3-Year Sales Growth Rate 16%
Market Cap $7.40 Bil
Profit Margin 29.2%