Commvault Systems Inc. (NASDAQ: CVLT) has released an impressive report for the fourth quarter of fiscal year 2024, showcasing significant revenue growth and surpassing Wall Street’s sales forecasts. The company’s financial performance for the quarter ending 31 March 2024 included a 10% increase in revenue to USD 223.3 million. Over the entire fiscal year,...
An idea for CVLT showing a W pattern containing within it a Cup and Handle pattern This Cup and Handle will lead to continuation for the bulls. Down channel is evident during the cup but the handle is where the bulls take control.
Impressive relative strength on this software tech name. Looks about ready to complete its cup with handle base. Commvault Systems Inc (CVLT)- DEVELOPS BACKUP AND RECOVERY, REPLICATION, ARCHIVAL AND STORAGE MANAGEMENT SOFTWARE FOR ENTERPRISES.
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CommVault watching wedge for upside breakout
The price itself and the indicators are in favour of a new rise. Whether it will be a real rise or just an upward fluctuation - let's see.
CVLT has recently broken out of a flag position and has decreased in price. However the stock hit prior support and rose in price. The RVI is showing a flag pattern, so we could see a short-term rise in volatility. Also, the RSI is has been rising for the last few days. So, I am putting my long position above the 50 ma which is providing resistance and potential...
Something that is not visible on the chart.The fall after the eight day of continuous growth.
Watch for b/o next week, IBD = 94