Though this might be a risky play, since SPT is posting results in couple of days, I love what the charts are telling me at the moment. This Chicago based firm provides social media management software for businesses. Sprout Social has recently targeted larger companies for partnering, establishing a nice contract with Salesforce. What am I looking now: 1....
NASDAQ:SPT If it triggers the bullish/bearish signal lines, then the immediate target price is the TP1. Personally, I expect a bearish price action based on an overextended price and overbought RSI
Sprout has made a nice run of late. Warranted? Maybe maybe not but that's what we deal with these days. SPT broke out recently from a wedge and has retraced back to the trendline. Only reason I would be long is this ridiculous market. Short may be an option too. I think the safest way to make money on this is a long strangle
Strong PEG with selling on low volume. This chart may take some more time to develop and base over a lower period of time. Ideally would like to see volume dry up more and price to contract to confirm the buyers are in control. Cannot determine good entries and stops until we get more data on a lower time frame. IMO will bounce a around a little more before a...
WATCHING $SPT for ENTRY TARGET @ 76.71 I’m practicing to nail my entries even better… if target hits I will take a position. As many times as I've swung this I still have no idea what Spout Social is. 😅 Maybe later today I'll look into it. Looking for pullback for entry. If there's any ticker symbol you'd like me to determine a good entry price just comment...
SPT - had some insider buys a few months ago… beautiful move from this consolidation.
After 3 months inside the consolidation zone but steadily moving higher with higher highs.
Potential entry above $53.25 Target to top of channel $58.50
The Bull Market is strong, but many stocks are extended and sentiment seems to be extremely bullish. I am cautious with new buys until the sentiment cools off a little. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 28 total stocks on this list. Many of these have IPO'd in the last few years and still...
Earnings next week and summer vacay/bikini pics are back on the menu! Whole new wave of social media managers incoming.
This next channel is bearish rising wedge. Including the possible formation of a head & shoulders, spt could reach as low as $24.73. Do your own research.
I bought SPT at 13.2 and these are the reason why I'm still holding. Keep in mind that I could also be wrong. SPT is down to Today at -2.79% so is the S$P500 at -2.81%. SPT's technical analysis though has been looking solid: creating a divergence as u can see in the chart. The price has broken resistance line few days earlier at around $15. This is a plus....
I've received several DMs to make an update on my previous call on SPT...Here it is.... For the short term period, there could be a small bounce due to oversold momentum. But using 1-day interval, SPT is overbought and has downward momentum. It's probably going to come down to test the 38.2% FIbo support at around $22.23. imo SPT is a really good firm. Its next...
Short Sprout Social here. #MONIES #THEPROFESSOR