Fibergeek

2017-07-29 - Rapid7 - Go Long

Long
NASDAQ:RPD   Rapid7, Inc.
The stock is currently trading below the value area.
Depending on your risk factor, sell half of the assets in the middle of the area (±17.00), or sell near the top (±17.50).

PRO:
1) The stock is trading below the value area
2) On the 2017-06-06, almost 3 Millions shared were traded, the big party that bought them will want to distribute them with profit

AGAINST:
1) This may be the beginning of a down trend
2) A new mini value area may have begon, in this case it would be better to wait and buy at ±16.00
3) Earnings are due over 8 days, so it is possible the stock will trade in tight range
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.