$docu Breakout imminent in DocusignEntry level $67 = Target price $80 = Stop loss $64
Bullish setup with all Moving averages in bullish formation and signalling a buy on golden cross.
Stock has remained strong while others have fallen on market weakness.
Bullish flag pattern developed.
Average analysts price target $69 | Buy
Short interest 9.44% could help ignite rally
Company profile
DocuSign, Inc. provides cloud-based electronic signature solutions. Its cloud based electronic signature platform helps companies and individuals securely collect information, automate data workflows and sign anything. The firm automates manual, paper-based processes allowing users to manage all aspects of documented business transactions include identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage. DocuSign was founded by Thomas H. Gonser and Court Lorenzini in 2003 and is headquartered in San Francisco, CA.