APPS trade ideas
APPS: Buy at $29.66 Profit Target at $88.68 HTF PatternThis stock is on a rampage. It has formed an high tight flag (HTF) after flag. It is looking like it will be forming another flag pretty soon. For more information on the flag you can read the IBD article below
www.investors.com
This pole would be given about 1-2 more weeks to see if it works out to the upside. This is different from what I have drawn because shapes on a chart is an art. It is really hard to know but can only statistically guess what might happen next. That is why you always have to pay to the market now and not the one a month or two ago. A big plus is that 5% of the stock is changing hands everyday and the price was up 3% last week versus down 4% last week even after a 700% run up since the March bottom. Their insitutional ownership is great and has been steadily increase in the past year although no tiptop funds have reported yet. Below is fund ownership, sales and yearly EPS
Number of Funds owned
Sep-19 189
Dec-19 238
Mar-20 235
Jun-20 275
Sales
Sep-19 +38%
Dec-19 +18%
Mar-20 +45%
Jun-20 +93%
Yearly EPS
2018 -0.05
2019 0.08
2020 0.2
2021 0.45
2022 0.58
This is a stock to be put on your watch list but as always watch out for the market condition to make sure the bears aren't taking over.
APPS Rising WedgeNASDAQ:APPS After great price jump and new ATH because of last quarter results, it looks like this stock might be looking to go short. A Rising Wedge seems to have formed and with a decrease in volume and price still touching resistance at ATH, we might be heading south for awhile, looking for a break below the support at the $25.98 lvl breaking out of the rising wedge line, keep in mind that there is an ascending triangle formed on last trading day, if it breaks above the resistance, APPS can make new ATH.
APPS Aroon Indicator entered an UptrendOver the last three days, I have detected that APPS's AroonUp green line is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. I backtested this indicator and found 217 similar cases, 194 of which were successful. Based on this data, the odds of success are 89%.
DIGITAL TURBINE INC (APPS) Weekly Chart. PROs
Trading at 85% below its fair value
Earnings are forecast to grow 211% per year
Returned 17.5% last week and 40% last year
APPS is forecast to become profitable over the next 3 years
APPS's revenue (23.7%) is forecast to grow faster than 20% per year
APPS is a debt-free company
Insiders have bought 90.500 shares (approx $513k) during the last 3 months
Analysts are overall optimistic giving APPS a 'buy' rating
CONs
Highly volatile share price
Shareholders have been diluted during the past year
APPS is currently unprofitable
APPS has a negative return on equity
Report:
Support held at 3.47 on the 16th of March 2020 and APPS has since succeeded in making higher lows on the weekly
time frame. After last week's strong performance APPS broke through its 23.6% fib retracement level (4.81) taken
from the highs of November last year and the lows of March this year. Just up ahead is dual resistance (at 1 ) which
comes in at 5.03.
Bottomcatchers opinion:
This company certainly has the potential to grow substantially over the medium to long term. Shorter time frames
carry more risk, as with most securities at the moment. A convincing break above resistance at 503 (so 510s) is where
I will be entering into a Long position.
Time Frame for this trade is Medium to Long term.
APPS long with a fear of not start the tradeBig pictrue of fundamental analysis and technical analysis. market outside amerika is rising, but american market is twigeling. but it is expected that the sant clouse rally is here
Write sometning about your psyhology thinking before trade? I am too full and because of that in not very good shape
Describe the trade. What you see? price will soon turn and go up to new all time high, this could happend this week
$APPS Has More Room To Run$APPS is up 56% since our original article.
Trade is working out like we said it would.
Thus, both investors/traders may want to continue to monitor the action closely moving forward and particularly, should APPS clear the $5 level at any time in the days/weeks ahead, such development would likely trigger/ignite its next meaningful advance with an initial $6.50 - $7 objective, while we envision a longer-term objective ultimately in the Teens.