Upgrade your membership to see all of the expert analysis we have published on MIME now!
Extended From Latest Base While Fundamentals Remain Strong - Friday, November 26, 2021
Mimecast Limited (MIME -$3.59 or -4.40% to $77.94) is consolidating near its all-time high, very extended from the previously noted base. Prior highs in the $71 area define important near-term support along with its 50-day moving average (DMA) line ($71.69).
The company has a 95 Earnings Per Share Rating. It reported Sep '21 quarterly earnings +38% on +20% sales revenues versus the year ago period, continuing to show better than +25% earnings increases (C criteria). Annual earnings (A criteria) history has been very strong after a loss in FY '18.
The Computer Software-Security firm has only 66.4 million shares outstanding (S criteria). The number of top-rated funds owning its share rise from 383 in Dec '20 to 507 as of Sep '21, 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 distributional pressure over the past 50 days. It has a Timeliness Rating of A and Sponsorship Rating of B.
MIME was highlighted in yellow in the 8/02/21 mid-day report (read here) with a pivot point cited based on its 12/28/20 high plus 10 cents. It was last covered in greater on 10/21/21 with an annotated graph under the headline, "Consolidating Less Than 4% Off High Building New Base".
MIME Consolidating Less Than 4% Off High Building New Base - Thursday, October 21, 2021
Mimecast Limited (MIME +$0.62 or +0.91% to $68.65) is consolidating above its 50-day moving average (DMA) line ($65.45) and near prior highs. Fundamentals remain strong. Its color code was recently changed to yellow with new pivot point cited based on its 9/03/21 high plus 10 cents. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a new (or add-on) technical buy signal.
MIME was highlighted in yellow in the 8/02/21 mid-day report (read here) with a pivot point cited based on its 12/28/20 high plus 10 cents. It was last covered in greater on 9/21/21 with an annotated graph under the headline, "Consolidating After Getting Extended from Previous Base Noted".
The company has a 96 Earnings Per Share Rating. Bullish action came after reporting Jun '21 quarterly earnings +45% on +24% sales revenues versus the year ago period. Quarterly and annual earnings (C and A criteria) history has been strong after a loss in FY '18.
The Computer Software-Security firm has only 65.7 million shares outstanding (S criteria). The number of top-rated funds owning its share rise from 383 in Dec '20 to 485 as of Sep '21, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 0.7is an unbiased indication its shares have been under slight distributional pressure over the past 50 days. It has a Timeliness Rating of B and Sponsorship Rating of C.
Consolidating After Getting Extended from Previous Base Noted - Tuesday, September 21, 2021
Mimecast Limited (MIME +$0.75 or +1.14% to $66.77) halted its slide today after pulling back from its all-time high with volume-driven losses. Disciplined investors avoid buying stocks more than +5% above their pivot point or prior high. Its 50-day moving average (DMA) line ($61.55) and prior highs in the $59 area define initial support to watch on pullbacks.
MIME was highlighted in yellow in the 8/02/21 mid-day report (read here) with a pivot point cited based on its 12/28/20 high plus 10 cents. It was covered in greater detail that evening with an annotated graph under the headline, "Perched Not Far From High With Earnings News Due Pre-Open". Subsequent gains above the pivot point backed by heavy volume helped trigger a technical buy signal.
Fundamentals remain strong. The company has a 95 Earnings Per Share Rating. Bullish action came after reporting Jun '21 quarterly earnings +45% on +24% sales revenues versus the year ago period. Quarterly and annual earnings (C and A criteria) history has been strong after a loss in FY '18.
The Computer Software-Security firm has only 65.7 million shares outstanding (S criteria). The number of top-rated funds owning its share rise from 383 in Dec '20 to 419 as of Jun '21, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 0.8 is an unbiased indication its shares have been under slight distributional pressure over the past 50 days. It has a Timeliness Rating of B and Sponsorship Rating of C.
Perched Not Far From High With Earnings News Due Pre-Open - Monday, August 2, 2021
Mimecast Limited (MIME -$0.43 or -0.77% to $55.12) churned heavy volume as it finished lower on Monday after highlighted in yellow in the earlier mid-day report (read here) with a pivot point cited based on its 12/28/20 high plus 10 cents. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal.
The company has a 98 Earnings Per Share Rating. It is due to report financial results for the first quarter of fiscal year 2022 ended June 30, 2021 before the market opens on August 3, 2021. Recently it has been rebounding near its all-time high. Volume and volatility often increase near earnings news. Quarterly and annual earnings (C and A criteria) history has been strong after a loss in FY '18.
The Computer Software-Security firm has only 65.2 million shares outstanding (S criteria). The number of top-rated funds owning its share rise from 383 in Dec '20 to 411 as of Jun '21, 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 B and Sponsorship Rating of C.
