In the daily bar chart of TTD, below, we can see that prices have given back most of the gains for May. It looks like a reversal pattern -- a close below the low of the high day. It also looks like the On-Balance-Volume (OBV) line has made a peak and the Moving Average Convergence Divergence (MACD) oscillator is close to a downside crossover signaling to take profits.
More from Stocks
These five key things will help make you successful at trading.
It can safely be said that no one saw this course of events coming.
Other than taking profits, I'm not interested in putting on new trades.
For investors willing to take a higher level of relative risk, the potential rewards could be significant here.