SolarWinds Corporation designs and develops information technology management software for infrastructure solutions. The Company offers solutions such as network performance monitoring, configuration, virtualization, database management, hosted logs, security, and configuration. SolarWinds serves customers in the United States.
JULY 20TH 2021 Red shake off of previous shareholders while taking in new inflow due to gap up. On August 2nd 2021, a massive green candle has resulted in clear EMA Cross over of all three minor EMA (20/50/100) over the major EMA trend line(200) On August 3nd 2021.
This all indicates bullish up trend. If you refer to the last time this happened, on Jun 24th 2020, and you bought on that day, the stock would have ran up roughly 25% till the 11th of december. Where you can see a bearish down trend occurs, and the EMAS all dip under neath the 200 EMA. This bearish downtrend has been confirmed dead on the 20th of july 2021.
I believe a new bull run has started.
Due to current Catalysts involving the Infrastructure 1 trillion plan, $1.5 Cash per share one time dividend annoucement, Morgan Stanely raised price target from 20-> 40, and Earnings suprise today of 60%. I believe this company will achieve even higher revenues and have another earnings beat in november. While also maintaining a bull run to 30-40 dollars.
Where is support?
Most likely at 22.86. (Refer to high on feb 04 2020, and August 07 2020.)
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