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THE TRA.DESK A DL-,000001THE TRA.DESK A DL-,000001THE TRA.DESK A DL-,000001

THE TRA.DESK A DL-,000001

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TT8 trade ideas

The Trade Desk: Double-Bottom Resuming Long-Term UptrendI've been watching TTD for a few months, and they're a good growth company that offers an alternative to the mainstream large cap internet advertising firms tied to search engines and social networks, and the earnings have been looking good. They've been consolidating in the short term with the rest of the market, but it looks like they're resuming a long term uptrend now that the overall market outlook has opened up. The last two earnings calls have been good, but the prevailing market conditions have been more ideal for defensive stocks than growth, but I sense that beginning to change. TTD is forming a classic cup with handle double bottom pattern from the May and Sept/Oct lows of 2019, but should rocket right back into an uptrend anytime now from sound fundamentals. The recent earnings call has been in, and the price is now looking like it will close over all short and long term averages. The 10, 20, and 200 days averages have all been hovering around each other recently, but the short term averages are breaking back out. The 63 day moving average has remaining firmly above the 200 day, so this does appear to be a short term consolidation on the price necessary to create the buying pressure needed for larger all time highs. Volume and accumulation are picking up, so it's not too late before the big fish get their orders in.
NASDAQ:TTDLong
by chuckination
$TTD Trade Desk gets timely upgrade 35% upside Tonights upgrade RBC Capital analyst Mark Mahaney upgraded Trade Desk to Outperform from Sector Perform with an unchanged price target of $250. The stock closed Thursday down 3% to $185.65. Following the 32% decline from the July highs, Trade Desk's valuation is more compelling, Mahaney tells investors in a research note. Further, the company's positioning as one of the best derivatives off the "strong" secular streaming shift is "very favorable," contends the analyst. He believes Trade Desk's revenue growth and EBITDA margin fundamentals are among the strongest in small-to-mid cap space. thefly Entry level above $199 or above middle BB Medium term Target price $233 = 17% upside Stop loss $191
NASDAQ:TTDLong
by RedHotStocks
Bouncing off 200 day moving average which is long term supportThe entire group is taking a break now SAAS stocks are all down OKTA TWLO ZEN NOW and TTD But as a group they are meeting and beating their earnings estimates. TTD beat and guided higher while posting a 41% increase in sales as they usually do. I think the weakness is a short term move from growth to Value by the big $$ factor players. Its a little worrisome that the trend line was broken but I see this as a buy.
NASDAQ:TTDLong
by djh860