TTD breaking out
Updated
TTD's break out looks like it has legs to retest previous highs. MACD is forming a bullish cross while the 50-DMA is beginning to curl up towards the 200-day. RSI is showing strength and 812% of the average call volume traded today for TTD showing lots of bullish bets on the continuation of this bullish trend.
TTD's price action is most likely related to the fact that SNAP reported minimal effects from AAPL's new update on their advertising/marketing, which should apply to The Trade Desk as well.
TTD reports earnings on August 12th which I expect to be a beat with the current estimate for EPS being $0.13. Earnings price action has been positive as of late. TTD should trade up into earnings and pop even further if there is a beat.
TTD's price action is most likely related to the fact that SNAP reported minimal effects from AAPL's new update on their advertising/marketing, which should apply to The Trade Desk as well.
TTD reports earnings on August 12th which I expect to be a beat with the current estimate for EPS being $0.13. Earnings price action has been positive as of late. TTD should trade up into earnings and pop even further if there is a beat.
Trade active
Boom there she goes, it needed some healthy flushing and consolidation.
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