Okta Inc. (OKTA) reported fourth-quarter results that beat estimates here on Thursday morning and its share price is surging higher. Let's check the charts and indicators of the cloud security company to see how to play Okta's stock.
In this daily bar chart of OKTA, below, I can imagine a positive picture as prices appear poised to open above the bottoming 200-day moving average line. The trading volume has been more active from September, suggesting increased investor interest in the stock.
The On-Balance-Volume (OBV) line shows strength from early November. The Moving Average Convergence Divergence (MACD) oscillator is near the zero line but should turn higher in reaction to today's strength.