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Hit a New 52-Week High With Today's 8th Consecutive Gain - Tuesday, June 23, 2020
Godaddy Inc Cl A (GDDY +$0.30 or +0.36% to $82.71) posted an 8th consecutive gain today and hit a new 52-week high but finished near the session low. Confirming gains above the pivot point backed by at least +40% above average volume are still needed to trigger a convincing technical buy signal. It previously met stubborn resistance in the $82-84 area. Disciplined investors know to watch for proof of fresh institutional buying demand that can lead to a sustained rally and meaningful leg up.
GDDY was highlighted in yellow with pivot point cited based on its 5/01/19 high plus 10 cents in the 6/02/20 mid-day report (read here) and it was shown in this FSU section that evening with an annotated graph under the headline, "Godaddy Could Be Ready to Go for New Highs".
The Computer Software-Enterprise industry group has a 99 Group Relative Strength Rating (L criteria). The firm's past 3 quarterly earnings comparisons through Mar '20 versus the year ago periods were above the +25% minimum guideline (C criteria). After years of losses, since FY 17 its annual earnings growth (A criteria) has been strong. It the highest possible 99 Earnings Per Share rating.
The Computer Software-Enterprise industry group has a 99 Group Relative Strength Rating (L criteria). The firm's past 3 quarterly earnings comparisons through Mar '20 versus the year ago periods were above the +25% minimum guideline (C criteria). After years of losses, since FY 17 its annual earnings growth (A criteria) has been strong. It the highest possible 99 Earnings Per Share rating.
The number of top-rated funds owning its shares reportedly fell from 947 in Dec '19 to 920 in Mar '20, however, its current Up/Down Volume Ratio of 2.8 is an unbiased indication its shares have been under accumulation over the past 50 days. It has an A Timelines Rating and a B Accumulation/Distribution Rating.
Charts used courtesy of www.stockcharts.com
Godaddy Could Be Ready to Go for New Highs - Tuesday, June 2, 2020
Godaddy Inc Cl A (GDDY +$2.36 or +3.03% to $80.32) was highlighted in yellow with pivot point cited based on its 5/01/19 high plus 10 cents in the earlier mid-day report (read here). Very little resistance remains due to overhead supply. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a proper technical buy signal. Disciplined investors know to watch for proof of fresh institutional buying demand that can lead to a sustained rally and meaningful leg up. It rebounded impressively after a deep pullback undercut prior lows. Now it is approaching multi-year highs where it previously met stubborn resistance in the $82-84 area.
The Computer Software-Enterprise industry group has a 99 Group Relative Strength Rating (L criteria). The firm's past 3 quarterly earnings comparisons through Mar '20 versus the year ago periods were above the +25% minimum guideline (C criteria). After years of losses, since FY 17 its annual earnings growth (A criteria) has been strong. It the highest possible 99 Earnings Per Share rating.
The number of top-rated funds owning its shares reportedly fell from 947 in Dec '19 to 928 in Mar '20, however, its current Up/Down Volume Ratio of 1.8 is an unbiased indication its shares have been under accumulation over the past 50 days. It has an A Timelines Rating and a B- Accumulation/Distribution Rating.
The number of top-rated funds owning its shares reportedly fell from 947 in Dec '19 to 928 in Mar '20, however, its current Up/Down Volume Ratio of 1.8 is an unbiased indication its shares have been under accumulation over the past 50 days. It has an A Timelines Rating and a B- Accumulation/Distribution Rating.
Charts used courtesy of www.stockcharts.com