RingCentral is breaking out of 39 week base after announcing a partnership with Vodafone to provide cloud-based communication services.
RingCentral is already producing 30% per month in YoY sales growth. And has steadily gained in EPS with 12%, 14% and 18% YoY growth the past three quarters. This strategic partnership should only accelerate that more.
Stop Loss is 10.52% based on a 10d ATR (x2.7) which requires a position size of R9.5 to manage risk.
Buy Point: Now at 329.18
Stop Loss: 294.55 (10.52%)
Position Size: R9.5
RingCentral is already producing 30% per month in YoY sales growth. And has steadily gained in EPS with 12%, 14% and 18% YoY growth the past three quarters. This strategic partnership should only accelerate that more.
Stop Loss is 10.52% based on a 10d ATR (x2.7) which requires a position size of R9.5 to manage risk.
Buy Point: Now at 329.18
Stop Loss: 294.55 (10.52%)
Position Size: R9.5