DOCU too extended to Buy, but look at that strength
Updated
DOCU has been outperforming Nasdaq Composite since January on the Daily view and since September on the Weekly view. It has stayed 30-40% above it's 50d SMA since a May 6 buy point. If it suddenly goes 2% below the 10d SMA, then I'd consider taking some profits. Otherwise, it would be better to go sideways for awhile and let the 50d line catch back up.
Note
Creating a nice base now. Ready for more growth?
Website: drewby.com
Twitter: twitter.com/drewrobbins
All ideas are for information purposes only. I may or may not invest in the stocks discussed. Before investing in any stock, do your research and trade using your rules.
Twitter: twitter.com/drewrobbins
All ideas are for information purposes only. I may or may not invest in the stocks discussed. Before investing in any stock, do your research and trade using your rules.
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