Tuesday, September 13, 2016

Recommended, Top Performing Stock (2): GoDaddy

GoDaddy stock (NYSE:GDDY) is our second top-performing and recommended stock. This market has been extremely volatile in recent times, but it is now trending upwards in a predictable manner.

4 EMAs are used for this analysis, and they are EMAs 10, 20, 50, and 200. The color that stands for each EMA is shown at the top left part of the chart. Price dipped sharply in the beginning of August 2016 and then swung upwards. Price remains volatile in the near-term, but a bullish bias has already formed.

All the 4 EMAs are currently sloping upwards, while price is above the EMA 50. There can be dips into the EMAs 20 and 50, owing to the current volatility in the market, but price would eventually go upwards from here.

The bullish outlook on GoDaddy would be valid as long as price does not cross the EMA 200 to the downside.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Super Trading Strategies: Super Traders   

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1 comment:

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