Workday (WDAY) is up sharply in trading Wednesday in reaction to new coverage by an analyst at a regional brokerage firm. The HR software and services firm was started with a buy rating and a $300 target price. Let's check out the charts.
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These recently downgraded names are displaying both quantitative and technical deterioration.
The big question now is whether the selling over the new variant was severe enough to produce some bounce action next week?
My view is to eat some leftovers, let the rest of the day play out, and come in fresh on Monday.
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