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Ticker Appearances
Thu, February 29, 2024 | 2:55PM ET
⚡ FlashInsights
Thu, February 29, 2024 | 2:55PM ET
OKTA -1.91% gains over 100 today from yesterday's $87.30 close are also something to pay close attention to technically. This exceeded a 1-year base and volume is spiking sharply on today's breakout. While the stock has given back some of its intra-day gains and is trading below today's open (which occasionally can represent a rise which might require backing and filling before further gains can occur) this weeks rise is quite bullish technically. Recall that OKTA used to trade up near $300 before plummeting down to approximately $45 a share. Thus, today's rally could be the start of a jump-starting in momentum in this name which used to be a high-flyer. Overall, any decline to $95-$100 area would make this a very attractive name to consider technically, and this IT Services company's stock should be back "on the front burner" (as one that deserves close focus) as a result of today's lift.
Role: visito
Signal From Noise
Thu, December 14, 2023 | 6:11PM ET
Role: visito
Signal From Noise
Thu, December 14, 2023 | 6:11PM ET
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