This week will be Cheggs big test
While it is at the lower end of its upward trend channel, Chegg is hovering around the 50 MA line for support. This week we will know if Chegg moves up or drops further down for more support (62). Many believe that this still has much room to grow regardless of who wins the election and are also working to improve profit margins. It has already had a great rally this year and has been justified with more than 60% revenue growth. Long. RSI key level: 43
Trade closed: stop reached
Stop loss reached tech sector pull back after Pfizer news.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.