A Real Money subscriber emailed over the weekend about what I thought of HubSpot HUBS. I never heard of the company before so I decided to check out what they did. Seems they are a leader in the digital marketing industry, and their blogs, videos, and certification courses are pretty popular. The stock seems to be pretty popular with some investors. Let's take a look.
In this daily bar chart of HUBS, below, we can see that prices are up strongly in the past 12 months. Prices are trading above the rising 50-day moving average line and the rising 200-day line. Trading volume has been active and the On-Balance-Volume (OBV) line shows a rise to confirm the price action. The Moving Average Convergence Divergence (MACD) oscillator is bullish.
In this weekly Japanese candlestick chart of HUBS, below, we can see a very impressive advance over the past three years. Prices are above the rising 40-week moving average line. The weekly OBV line is strong and the MACD oscillator is also very bullish and tells us that the strength of the trend is powerful.
In this daily Point and Figure chart of HUBS, below, we can see a $1,186 price target.
Bottom line strategy: This is my first time looking at HUBS. If you are long HUBS - great. If you get a one or two day dip you can go long or add to longs. Risk to $775. On the upside the $1,186 area is our price objective.
