OSPN - JULY 24 MATrend Sustainable MomentumMATrend Sustainable Momentum (Systematic) 🚀
This is a variant of the Unsustainable strategy. System identifies stocks (Tech sector) that follows the larger market regime's momentum of the day.
OSPN trade ideas
$OSPN OneSpan Bullish Technical / Fundamental Trade SignalOneSpan saw options trading volume of 5,818 contracts, representing approximately 581,800 underlying shares or approximately 147.6% of OSPN's average daily trading volume over the past month, of 394,105 shares. Especially high volume was seen for the $22.50 strike call option expiring August 21, 2020, with 612 contracts trading so far today, representing approximately 61,200 underlying shares of OSPN. Every time we have closed weekly above the 50W MA we have seen a major bounce.
$OSPN
Buy
Entry 18.98
Targets
21.01
23.00
Stop 17.80
Fundamental Research
- Announced minor accounting mistake ($2M of $500M Profit), reassured all beat/miss EPS still valid. Corrected Q2
- Did not file 10Q however filed next day from earnings
- 3 Day Rule After Crash
- Every time Closed Above 50W Big Move Up
- NASDAQ
- Software
- Multi-Vertical With Pharmaceuticals, Financials, Government, International, Healthcare, Small Business
- Recent Government Contract
- International
- Debt Free
- 20+ Years
- Educated Team
- Google Search Trends Up
- Website Traffic Up
- Subscription Transition Successfully with 30% Increase Q2
- Docusign Competitor (Recent HOT NASDAQ)
- 40% Crash After Over Reaction To Earnings
- Primarily Institutional Holdings
- Big Even $20 Completly Gapped On
$NASDAQ
$DOCU
$OSPN
