$Apps - Reversal IncomingAfter a May downtrend which saw it a large amount of selling. A late May reversal opportunity has developed which could potentially lead to $APPS breaking out of its downtrend channel.
1APPS trade ideas
APPS Failed Triangle but running on Long Trend lineApps failed to complete the triangle and broke below the lower trend line of it. It has bounced off a Long Term Trend Line(Blue) in an uneasy market. That is it's support to regain it's entry into it's Parallel Channel. With their huge revenues, profit margins, earnings beats, huge growth, and ever growing Digital Advert demand they are still one of my favorite growth stocks.
APPS - Further strength ahead for the QuarterDigital Turbine Inc.
Digital Turbine Inc. offers products and solutions for mobile operators, device OEMs and third parties. The company's product include DT Ignite(TM), a mobile device management solution with targeted app distribution capabilities, DT IQ(TM), a customized user experience and app discovery tool, DT Marketplace(TM), an application and content store and DT Pay(TM), a content management and mobile payment solution. It operates primarily in Berlin, Singapore and Sydney. Digital Turbine, Inc., formerly known as Mandalay Digital Group, Inc., is headquartered in Austin, Texas.
Analysis/Commentary
Really strong EPS and Sales Growth Y-on-Y
Based on the study of the previous quarterly earnings reports and subsequent price moves:
- Current quarter has given price move to the LOW point as support now climbing
- Expectation for the price to move to MID or HIGH point
- Trailing stop-loss on price above MID point
GOOD LUCK.
DO YOUR OWN RESEARCH!
What's the next move for APPS? Following a year of unbelievable returns, perhaps we're now seeing the anticipated correction. Yesterdays market-wide selloff expressed as a symmetric triangle breakdown in the APPS daily chart. More losses followed today. Two-fold support from the MA100 and at 68.70 currently. Freshman price target from the triangle is near 33.20, which could sting. Or maybe it will bounce and give us another 1400%.
I'm long on APPS. It was a tough graphIt took me a while to graph what I thought was going on here. The angle changed, and the volume changed after february. But the support level where the same. It is as if someone pushed the turbine button on after Feb. Anyhow, and If we are holding options for the 20th of May, then I think that a good exit is in 20 days because it's the average time of each peak.
As always, like if you agree and/or comment.
NASDAQ:APPS
As always, not financial advice, just sharing.
