PagerDuty trade ideaPD is at risk of falling into the lower half of channel which may present a long opportunity.
PD trade ideas
PD: $25.90 | @ $1.9bn cap; probably the next $100bn Company should be close to having an Ai that notifies incidents
sounds like business intelligence for the next generation
PD's bottom reached?It looks like PD is recovering, breaking out of a long term descending channel. Although it's looking good from a technical perspective, it's earnings call is on December 5th, which could definitely impact this breakout if the fundamentals aren't improving at the pace analysts expect.
First year target is $50, which is an 80%+ upside from current price.
Pagerduty PD LONGShort term, longer time frame trade setup. 3 to 1 R/R.
BLUE ENTRY 44.55
RED STOP 43.45
GREEN PROFIT TARGET 47.95
PD as of June 25PD has consolidated 20% since ATH on June 17. Similar recent consolidation bottomed out at 43.77 on June 4 and led to sharp rebound.
Good earnings and strong potential for growthPD stock had its IPO earlier this year and after scaling new heights, it came down and reached its support earlier this week around 44 to 46, and has a good growth potential for the foreseeable future. Based on latest earnings reports, the company is doing well and can see significant increases in stock price. A definite buy.
