Zoom Video (ZM) was last reviewed on October 21 where we wrote that, "If you own a stock that is up 10 fold in less than a year you need to calmly exhale and TAKE PROFITS especially when it is extended like ZM." With prices down sharply today it seems like a good juncture to review the charts again.
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Why don't more people embrace the ease and power of selling stocks? Why do they freeze and do nothing as losses build?
The hack stands to drive an uptick in corporate and government spending to protect both on-premise and cloud assets.
It doesn't take much time for stocks with strong momentum to reset and continue on their way.