Long
$NEWR on BUY point?!
After announcing the earnings below wall street estimates the share price of 
NEWR dropped by around 16%.
Technical Analysis:
$67.0 acted as Support. But we should wait couple of day in order to see the share price Holds 67.
But here we might risk around 3-4% and get 15-20% profit.
Fundamental Analysis:
New Relic (NEWR) reported a 3rd Quarter December 2020 loss of $0.17 per share on revenue of $166.3 million. The consensus estimate was a loss of $0.14 per share on revenue of $164.8 million.
Overall analysis:
If price Holds $67.0 then we can get in by putting our SL @$64.8 with 4.5% risk asNEWR beat on revenue.
Company Prifile:
New Relic Inc is a software-as-a-service provider of software analytics products which allow users to monitor software performance with .NET, Java, JavaScript, Node.js, PHP, Python, and Ruby applications deployed in a cloud or in a data center.
NEWR dropped by around 16%.Technical Analysis:
$67.0 acted as Support. But we should wait couple of day in order to see the share price Holds 67.
But here we might risk around 3-4% and get 15-20% profit.
Fundamental Analysis:
New Relic (NEWR) reported a 3rd Quarter December 2020 loss of $0.17 per share on revenue of $166.3 million. The consensus estimate was a loss of $0.14 per share on revenue of $164.8 million.
Overall analysis:
If price Holds $67.0 then we can get in by putting our SL @$64.8 with 4.5% risk as
NEWR beat on revenue. Company Prifile:
New Relic Inc is a software-as-a-service provider of software analytics products which allow users to monitor software performance with .NET, Java, JavaScript, Node.js, PHP, Python, and Ruby applications deployed in a cloud or in a data center.
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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.