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Sprout Social, Inc

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SPT trade ideas

SPT possible BUY setup Though this might be a risky play, since SPT is posting results in couple of days, I love what the charts are telling me at the moment. This Chicago based firm provides social media management software for businesses. Sprout Social has recently targeted larger companies for partnering, establishing a nice contract with Salesforce. What am I looking now: 1. Though I mentioned that this play is a risky one, due to upcoming earnings, SPT i currently trying to break from it's Daily Cup and Handle formation. 2. Today's try was not a god try of breaking the highest point of the Cup and Handle formation, sitting at around $66.70 price level. Price did break that point at one moment, but it quickly failed to maintain above it. 3. Selling pressure was high unfortunately, there were nearly 782k shares sold once it broke through the resistance level. 4. Since I am considering this a risky play, my initial entry will be small, with stop loss possibly larger than usual. Stop loss will be sitting at around $57.39 price level, which is just below the wick of the last candle which bounced from the 50EMA. 5. Once the earnings report are published, I will either close the trade or add to the position, depending on the results posted. As always, please do your due diligence, this is just an opinion.
NASDAQ:SPTLong
by De_Banis
WATCHING $SPT for ENTRY TARGET @ 76.71WATCHING $SPT for ENTRY TARGET @ 76.71 I’m practicing to nail my entries even better… if target hits I will take a position. As many times as I've swung this I still have no idea what Spout Social is. 😅 Maybe later today I'll look into it. Looking for pullback for entry. If there's any ticker symbol you'd like me to determine a good entry price just comment below and I'll do as many as time permits. Some days I have lots of time and other’s not so much but as I can I’ll do them (and If I have enough charts left)
NASDAQ:SPT
by SPYder_QQQueen_Trading
Stocks to Watch 11/29/2020The Bull Market is strong, but many stocks are extended and sentiment seems to be extremely bullish. I am cautious with new buys until the sentiment cools off a little. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 28 total stocks on this list. Many of these have IPO'd in the last few years and still have a growth story ahead of them. There are also some "COVID" stocks which may be setting up again. . Know your time frame and risk tolerance, grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
NASDAQ:SPTLong
by Jtacher51
2
Remain Bullish on SPT (If the market doesn't crash)I bought SPT at 13.2 and these are the reason why I'm still holding. Keep in mind that I could also be wrong. SPT is down to Today at -2.79% so is the S$P500 at -2.81%. SPT's technical analysis though has been looking solid: creating a divergence as u can see in the chart. The price has broken resistance line few days earlier at around $15. This is a plus. Indicator checkmarks, passing previous high of Stoch RSI, and RSI. Keep in mind though that Stoch RSI has crossed down. Looking at Fibonacci retracement, the price has passed $15.59(38.2% retracement line) and later tested at $16.79(50% retracement line), which didn't pass. At the point, SPT is just testing the $16.79 line and previous high at $16.82 . I can't say what the market will look like on Monday, the systematic risk could cause a little dip on SPT (if the market doesn't crash lol). Nevertheless, my technical analysis indicates more upside potential for SPT. I'm confident in SPT, but keep in mind that I could also be wrong. p.s. My stop loss is at $15.60.
NASDAQ:SPT
by Princejpj
1
Update on SPTI've received several DMs to make an update on my previous call on SPT...Here it is.... For the short term period, there could be a small bounce due to oversold momentum. But using 1-day interval, SPT is overbought and has downward momentum. It's probably going to come down to test the 38.2% FIbo support at around $22.23. imo SPT is a really good firm. Its next quarter is promising, indeed. However, due to the previous spike in price of SPT, I've decided to lock in the profit and sought new investments with higher upside potential. Until there's a bigger dip on SPT.... * Disclaimer: This is just my view on the investment. It is not a recommendation for a buy or sell. and most importantly, I could be wrong!*
NASDAQ:SPT
by Princejpj