TWLO reports Q3 results Monday after the bell. Here's my trade idea.
An extended stock with slowing momentum is not a good combination.
It's not that traders are aggressive sellers ahead of earnings but rather where are the aggressive buyers?
PD has the setup for a breakout move, but we don't have the triggers just yet.
All the current indicators from trend to momentum to price action sit in a bullish position as the stock breaks above resistance.
Continue to hold longs recommended earlier this month.
Buyers of the provider of critical communications software have been more aggressive for months now, but we may see a correction near term.
They involve Costco Wholesale, Slack Technologies and Peloton Interactive.
Now that the reality of social distancing is playing out across the country we are likely to see the share price of ZM move higher.
For both names, I would simply take a small nibble on the stock approach.