CHGG
Chegg (CHGG) closed at an all time high today along a strong support. It is showing some resistance at around the $79.50 level, however with earnings on Monday 8/3, it may look to consolidate/run up pushing new levels. If it breaks 79.50, I am looking for a first price target at 82, and a second price target at 85. Previous two quarter ER's were misses, however last quarter's ER market reaction showed a gain of $22, and with a new ATH today CHGG may look to continue pushing upwards.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.