PubMatic, Inc.
Long
Updated

PUBM - Pubmatic

164
Trade opened off of the double-bottom from the PEG day low. This is my second time trying to buy this name this week. I originally bought on Monday as it began to reclaim PEG day anchored VWAP but was quickly stopped out that same day.

PUBM has good EPS growth & sales growth to support it. Buying off of this double-bottom offer a clearly-defined level to manage risk from. If it breaks back below, I gotta go.

If the stock can reclaim its anchored VWAP, I will look to buy more and raise my stop under this afternoon's consolidation.
Note
added shares @ $39.11 on Thursday 11/18, stop loss raised under consolidation @ $37.10.
Trade closed: stop reached
Stop loss hit today (Mon 11/22) after raising it up to $37.88 under Friday's low

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