Three Percent Trade Idea: Going long MDB

Here is a great opportunity to pick up MongoDB.

At Three Percent Trades we have a price target of $185.00 / share, which is a potential upside of 21.5%.

We use a combination of fundamentals & technical analysis to trade high probability set-ups, and believe this is a great opportunity to take advantage.

Trade closed manually:

Purchase price: $151.99
Closed MDB at $157.00 (Before Earnings)

Took profit and looking for re-entry. Anything around the 30 day moving average will give you great risk/reward. At current levels this trade will offer up to 24% of upside.

Trade active:

Initiated position of MDB @ $132.40 / share

Comment:

Stop has been put in place at $140.00 / share