Globant SA (GLOB -$4.75 or -3.75% to $121.88) suffered another big loss with higher volume, action indicative of distributional pressure. It pulled back last week after wedging to new highs with recent gains lacking great volume conviction. Its prior high ($112.33) and 50-day moving average (DMA) line ($110.91) define important near-term support to watch. Keep in mind that it is due to report earnings news on 2/13/20. Volume and volatility often increase near earnings news.

GLOB made gradual progress since last shown in this FSU section on 1/15/20 with an annotated graph under the headline, "Gain for New High Today Backed by Only +12% Above Average Volume". It went through a choppy consolidation after highlighted in yellow with pivot point cited based on its 8/01/19 high plus 10 cents in the 11/14/19 mid-day report (read here).

It reported earnings +35% on +27% sales revenues for the Sep '19 quarter versus the year ago period, continuing its strong earning track record above the +25% minimum earnings guideline (C criteria). It has a strong annual earnings (A criteria) history and has a 97 Earnings Per Share Rating.

This Luxembourg-based Computer - Tech Services firm completed a Secondary Offering on 6/21/18. The number of top-rated funds owning its shares rose from 235 in Mar '18 to 555 in Dec '19, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.5 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness rating of A and Sponsorship Rating of B. Its small supply of 36.8 million shares outstanding (S criteria) can contribute to greater volatility in the event of institutional buying or selling.

Globant SA (GLOB +$2.61 or +2.29% to $116.66) posted a solid gain with +12% above average volume today for a new high. Gains above the pivot point must be backed by at least +40% above average volume to trigger a proper technical buy signal, so disciplined investors may watch for confirming gains with heavier volume. Its 50-day moving average (DMA) line ($104.31) defines important near-term support to watch on pullbacks.

GLOB went through a choppy consolidation after highlighted in yellow with pivot point cited based on its 8/01/19 high plus 10 cents in the 11/14/19 mid-day report (read here). It made gradual progress since last shown in this FSU section on 12/26/19 with an annotated graph under the headline, "Rebound Has Globant Perched Within Striking Distance of High".

This Luxembourg-based Computer - Tech Services firm completed a Secondary Offering on 6/21/18. The number of top-rated funds owning its shares rose from 235 in Mar '18 to 539 in Sep '19, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.7 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness rating of A and Sponsorship Rating of C. Its small supply of 36.8 million shares outstanding (S criteria) can contribute to greater volatility in the event of institutional buying or selling.

Globant SA (GLOB +$1.43 or +1.32% to $109.58) is perched within close striking distance of its prior high and only -2.4% off its 52-week high. Subsequent volume-driven gains for new highs are still needed to trigger a convincing technical buy signal. It found support above its 50-day moving average (DMA) line ($99.63) during the recent consolidation. Fundamentals remain strong.

GLOB went through a choppy consolidation after highlighted in yellow with pivot point cited based on its 8/01/19 high plus 10 cents in the 11/14/19 mid-day report (read here). It made gradual progress since last shown in this FSU section on 12/05/19 with an annotated graph under the headline, "Found Support at 50-Day Average During Choppy Consolidation".

This Luxembourg-based Computer - Tech Services firm completed a Secondary Offering on 6/21/18. The number of top-rated funds owning its shares rose from 235 in Mar '18 to 523 in Sep '19, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.4 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness rating of A and Sponsorship Rating of C. Its small supply of 36.6 million shares outstanding (S criteria) can contribute to greater volatility in the event of institutional buying or selling.

Globant SA (GLOB +$1.29 or +1.29% to $101.45) again slumped near its 50-day moving average (DMA) line ($97.43) which recently acted as support. Prior lows and its 200 DMA line define the next important support to watch.

GLOB was highlighted in yellow with new pivot point cited based on its 8/01/19 high plus 10 cents in the 11/14/19 mid-day report (read here). It pulled back abruptly after last shown in this FSU section on 11/14/19 with an annotated graph under the headline, "Rallying Near High With 12th Consecutive Gain".

Choppy action came after it reported earnings +35% on +27% sales revenues for the Sep '19 quarter versus the year ago period, continuing its strong earning track record above the +25% minimum earnings guideline (C criteria). It has a strong annual earnings (A criteria) history and has a 97 Earnings Per Share Rating.

This Luxembourg-based Computer - Tech Services firm completed a Secondary Offering on 6/21/18. The number of top-rated funds owning its shares rose from 235 in Mar '18 to 529 in Sep '19, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness rating of A and Sponsorship Rating of C. Its small supply of 36.6 million shares outstanding (S criteria) can contribute to greater volatility in the event of institutional buying or selling.

Globant SA (GLOB +$4.17 or +3.97% to $109.26) was highlighted in yellow with new pivot point cited based on its 8/01/19 high plus 10 cents in the earlier mid-day report (read here). It has rebounded near its all-time high with today's 12th consecutive gain. Subsequent volume-driven gains above the pivot point may trigger a technical buy signal. Keep in mind it is due to report Sep '19 quarterly results. Volume and volatility often increase near earnings news.

GLOB was last shown in this FSU section on 8/09/19 with an annotated graph under the headline, "Consolidating Above 50-Day Average With Earnings News Soon". It found support near its 200 DMA line during the consolidation since dropped from the Featured Stocks list on 8/19/19. It reported earnings +33% on +23% sales revenues for the Jun '19 quarter continuing its strong earning track record above the +25% minimum earnings guideline (C criteria). It has a strong annual earnings (A criteria) history and has a 97 Earnings Per Share Rating.

This Luxembourg-based Computer - Tech Services firm completed a Secondary Offering on 6/21/18. The number of top-rated funds owning its shares rose from 235 in Mar '18 to 527 in Sep '19, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.4 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness rating of A and Sponsorship Rating of C. Its small supply of 36.3 million shares outstanding (S criteria) can contribute to greater volatility in the event of institutional buying or selling.

Globant SA (GLOB +$0.08 or +0.07% to $107.35) found support at Its 50-day moving average (DMA) line ($102.76), but it has not formed a sound new base of sufficient length. Keep in mind it is due to report earnings news on 8/15/19. Volume and volatility often increase near earnings news.

Bullish action came after it reported earnings +32% on +22% sales revenues for the quarter ended March 31st, 2019 versus the year ago period, continuing its strong earning track record. GLOB was last shown in this FSU section on 7/11/19 with an annotated graph under the headline, "Extended From Any Sound Base After Wedging Higher". It was highlighted in yellow with pivot point cited based on its 1/30/19 high plus 10 cents in the 2/15/19 mid-day report (read here). Prior quarterly comparisons versus the year ago periods were very near or above the +25% minimum earnings guideline (C criteria). It has a strong annual earnings (A criteria) history and has a 96 Earnings Per Share Rating.

This Luxembourg-based Computer - Tech Services firm completed a Secondary Offering on 6/21/18. The number of top-rated funds owning its shares rose from 235 in Mar '18 to 484 in Jun '19, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.5 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness rating of A and Sponsorship Rating of B. Its small supply of 36.3 million shares outstanding (S criteria) can contribute to greater volatility in the event of institutional buying or selling.

Globant SA (GLOB -$0.41 or -0.38% to $108.56) is very extended from any sound base and perched at its all-time high following a spurt of gains marked by below average volume. Its 50-day moving average (DMA) line ($93.69) defines important support to watch on pullbacks.

Fundamentals remain strong. Bullish action came after it reported earnings +32% on +22% sales revenues for the quarter ended March 31st, 2019 versus the year ago period, continuing its strong earning track record. GLOB was last shown in this FSU section on 6/12/19 with an annotated graph under the headline, "Posted Big Gain for Another New High Close". It was highlighted in yellow with pivot point cited based on its 1/30/19 high plus 10 cents in the 2/15/19 mid-day report (read here). Prior quarterly comparisons versus the year ago periods were very near or above the +25% minimum earnings guideline (C criteria). It has a strong annual earnings (A criteria) history and has a 96 Earnings Per Share Rating.

This Luxembourg-based Computer - Tech Services firm completed a Secondary Offering on 6/21/18. The number of top-rated funds owning its shares rose from 235 in Mar '18 to 418 in Jun '19, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 2.9 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness rating of A and Sponsorship Rating of B. Its small supply of 36.3 million shares outstanding (S criteria) can contribute to greater volatility in the event of institutional buying or selling.

Globant SA (GLOB +$3.55 +3.70% to $99.60) rallied for a big gain today with near average volume for its best-ever close. It is very extended from any sound base. Its 50-day moving average (DMA) line ($84.10) defines important support to watch on pullbacks. A violation would raise concerns and trigger a technical sell signal.

Fundamentals remain strong. Bullish action came after it reported earnings +32% on +22% sales revenues for the quarter ended March 31st, 2019 versus the year ago period, continuing its strong earning track record. GLOB was last shown in this FSU section on 5/07/19 with an annotated graph under the headline, "Earnings News Due While Perched Near All-Time High". It was highlighted in yellow with pivot point cited based on its 1/30/19 high plus 10 cents in the 2/15/19 mid-day report (read here). Prior quarterly comparisons versus the year ago periods were very near or above the +25% minimum earnings guideline (C criteria). It has a strong annual earnings (A criteria) history and has a 95 Earnings Per Share Rating.

This Luxembourg-based Computer - Tech Services firm completed a Secondary Offering on 6/21/18. The number of top-rated funds owning its shares rose from 235 in Mar '18 to 359 in Mar '19, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 2.6 is an unbiased indication its shares have been under slight accumulation over the past 50 days. It has a Timeliness rating of A and Sponsorship Rating of B. Its small supply of 35.9 million shares outstanding (S criteria) can contribute to greater volatility in the event of institutional buying or selling.

Globant SA (GLOB -$1.72 or -2.08% to $81.07) has been pulling back from its all-time high hit last week with recent losses backed by above average volume. It is extended from any sound base. Near-term support is at its 50-day moving average (DMA) line ($75.11) and the prior high ($74). Violations would raise concerns and trigger technical sell signals. Keep in mind that it is due to report financial results for the quarter ended March 31st, 2019 on Thursday, May 9th, 2019 after the close. Volume and volatility often increase near earnings news.

GLOB was last shown in this FSU section on 3/26/19 with an annotated graph under the headline, "Consolidating Near 50-Day Average Quietly Perched Near High". It was highlighted in yellow with pivot point cited based on its 1/30/19 high plus 10 cents in the 2/15/19 mid-day report (read here). It triggered a technical buy signal as it rallied from an advanced "3-weeks tight" base with a gain backed by +161% above average volume. Volume-driven gains for new highs in prior weeks triggered an earlier technical buy signal.

It reported Dec '18 quarterly earnings +28% on +21% sales revenues. Prior quarterly comparisons versus the year ago periods were very near or above the +25% minimum earnings guideline (C criteria). It has a strong annual earnings (A criteria) history and has a 94 Earnings Per Share Rating.

This Luxembourg-based Computer - Tech Services firm completed a Secondary Offering on 6/21/18. The number of top-rated funds owning its shares rose from 235 in Mar '18 to 347 in Mar '19, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under slight accumulation over the past 50 days. It has a Timeliness rating of A and Sponsorship Rating of B. Its small supply of 35.9 million shares outstanding (S criteria) can contribute to greater volatility in the event of institutional buying or selling.

Globant SA (GLOB +$1.36 or +1.95% to $71.23) is quietly consolidating just -3.7% off its all-time high. Its 50-day moving average (DMA) line ($68.68) and prior lows in the $66-67 area define important near-term support to watch where violations would raise concerns and trigger technical sell signals.

GLOB was highlighted in yellow with pivot point cited based on its 1/30/19 high plus 10 cents in the 2/15/19 mid-day report (read here). It triggered a technical buy signal as it rallied from an advanced "3-weeks tight" base with a gain backed by +161% above average volume. Volume-driven gains for new highs in prior weeks triggered an earlier technical buy signal.

This Luxembourg-based Computer - Tech Services firm completed a Secondary Offering on 6/21/18. The number of top-rated funds owning its shares rose from 235 in Mar '18 to 330 in Dec '18, a reassuring sign concerning the I criteria. It has a Timeliness rating of A and Sponsorship Rating of B. Its small supply of 35.9 million shares outstanding (S criteria) can contribute to greater volatility in the event of institutional buying or selling.

Globant SA (GLOB +$2.52 or +3.69% to $70.78) was finished in the middle of its intra-day range after highlighted in yellow with pivot point cited based on its 1/30/19 high plus 10 cents in the mid-day report (read here) . It hit a new 52-week high today and triggered a technical buy signal as it rallied from an advanced "3-weeks tight" base with a gain backed by +161% above average volume. Volume-driven gains for new highs in prior weeks triggered an earlier technical buy signal.

This Luxembourg-based Computer - Tech Services firm completed a Secondary Offering on 6/21/18. The number of top-rated funds owning its shares rose from 235 in Mar '18 to 333 in Dec '18, a reassuring sign concerning the I criteria. It has a Timeliness rating of A and Sponsorship Rating of B. Its small supply of 35.9 million shares outstanding (S criteria) can contribute to greater volatility in the event of institutional buying or selling.

Encountering Distributional Pressure After Wedging to New Highs - Wednesday, February 5, 2020

Gain for New High Today Backed by Only +12% Above Average Volume - Wednesday, January 15, 2020

Rebound Has Globant Perched Within Striking Distance of High - Thursday, December 26, 2019

Found Support at 50-Day Average During Choppy Consolidation - Thursday, December 5, 2019

Rallying Near High With 12th Consecutive Gain - Thursday, November 14, 2019

Consolidating Above 50-Day Average With Earnings News Soon - Friday, August 9, 2019

Extended From Any Sound Base After Wedging Higher - Thursday, July 11, 2019

Posted Big Gain for Another New High Close - Wednesday, June 12, 2019

Earnings News Due While Perched Near All-Time High - Tuesday, May 7, 2019

Consolidating Near 50-Day Average Quietly Perched Near High - Tuesday, March 26, 2019

Volume-Driven Gain From Advanced "3-Weeks Tight" Base - Friday, February 15, 2019