Ebay traded higher on strong volume, to move higher from a 2 month consolidation.
While not a growth stock, COVID has pushed the online platform Ebay to surprise analysts with 27% sales growth YoY,
while also being a highly profitable company.
Ebay trades at:
3.9x EV/Sales NTM
27% Sales growth YoY LTM (Rising)
Gross Margin 77%
Sales estimate falling
Docusign broke higher from the 256 level, where it consolidated for 6 months.
It is closing in on it's all time high with a 259% 1Y gain behind it, well to continue in high gear.
A high growth stock. Currently trades at:
26x EV/Sales (NTM)
44% Sales growth YoY (Rising)
Gross Margin 75%
Sales estimate rising
EPS estimate rising
All-time highs with rising 200DMA.
The move above $146 marks an all-time high for Toyota Motor Corp.
This comes after a 6-year consolidation on news of potentially releasing solid-state batteries in 2021 with 10 minute charging times.
This is a game-changer for electric car technology and if works out for Toyota, the new uptrend could last for years.
Japanese market being forgotten for decades is now sitting at all-time highs with rising 200DMA. It's building a small consolidation above the old highs. A possible long entry for the long term, potentially for years, unless the breakout collapses.
A santa rally could stil happen as smallcaps are range trading and have not gone back to the recent lows. Couple this with lower volume in the recent range and we have a possible small base to propel stocks higher to year end.