Buy GDDY on breakout from consolidationGDDY is consolidating and poised to breakout. Look for high volume trading into $32.72 price range and buy.
GDDY trade ideas
GoDaddy GoDown?GoDaddy Inc. GDDY, +4.24% shares slipped in the extended session after the domain name and web hosting company reported its first quarterly results as a public company. GoDaddy shares declined 1.1% to $26.48 on moderate volume at last check. The company reported an unadjusted loss of 34 cents a share on revenue of $376.3 million. Analysts surveyed by FactSet forecast an unadjusted loss of 35 cents a share on revenue of $373.4 million. GoDaddy expects second-quarter revenue of $390 million to $395 million, while analysts forecast $390.1 million.
