A Close Look at a Surging Stock

Published on
March 4th, 2019
Duration
9 minutes

Up Next

Related Videos

Has the Bond Market Finally Turned?
Trade Ideas ·

Has the Bond Market Finally Turned?

Playing the Crowd: Profiting from Recency Bias
Trade Ideas ·

Playing the Crowd: Profiting from Recency Bias

2020: The Year of Reflation?
Trade Ideas ·

2020: The Year of Reflation?

Will There be a Recession in 2020?
Trade Ideas ·

Will There be a Recession in 2020?

Harvesting Profits: Trading the Five Tropical Softs
Trade Ideas ·

Harvesting Profits: Trading the Five Tropical Softs

A Novel Idea: Revenues & Profits
Trade Ideas ·

A Novel Idea: Revenues & Profits

Bitcoin: Breakdown or Shakeout?
Trade Ideas ·

Bitcoin: Breakdown or Shakeout?

An Update on Fannie and Freddie: The Road to Recapitalization
Trade Ideas ·

An Update on Fannie and Freddie: The Road to Recapitalization

Gold vs. The Stock Market
Trade Ideas ·

Gold vs. The Stock Market

Lyft and Uber: IPO’s Back to Reality
Trade Ideas ·

Lyft and Uber: IPO’s Back to Reality

Time to Get Bearish
Trade Ideas ·

Time to Get Bearish

Content Wars: Roku, Netflix, & Disney
Trade Ideas ·

Content Wars: Roku, Netflix, & Disney

Trading FUD: Fear, Uncertainty, and Doubt
Trade Ideas ·

Trading FUD: Fear, Uncertainty, and Doubt

Updating the China-Based Gold Play
Trade Ideas ·

Updating the China-Based Gold Play

Trading the Macro Landscape
Trade Ideas ·

Trading the Macro Landscape

Keep on Smiling: SmileDirectClub
Trade Ideas ·

Keep on Smiling: SmileDirectClub

A Smoke-Free Trade
Trade Ideas ·

A Smoke-Free Trade

Market Cycles: Timing Matters
Trade Ideas ·

Market Cycles: Timing Matters

A Hong Kong Macro Play
Trade Ideas ·

A Hong Kong Macro Play

Finding Opportunities in a Cannabis Market Meltdown
Trade Ideas ·

Finding Opportunities in a Cannabis Market Meltdown
11

A Close Look at a Surging Stock

Trade Ideas ·
Featuring Glenn Williams Jr.

Published on: March 4th, 2019 • Duration: 9 minutes

Technical analyst Glenn Williams Jr., CMT, examines the technical setup of a new stock on his radar: Pluralsight. Amid a huge rally to start off 2019, Williams provides his ideas on how to trade the software company now, in this interview with Brian Price. Filmed on March 1, 2019.

Comments

  • JR
    Jeremy R.
    24 February 2020 @ 09:24
    0 0
    Hopefully he got out before this https://www.marketwatch.com/story/pluralsight-stock-plunges-20-after-weak-outlook-2019-07-31
  • JG
    JAMES G.
    6 March 2019 @ 09:40
    1 0
    PS closed today at $30.94 today so based on the recommendation to set a stop at $30.98 we were stopped out today one day after this trade recommendation was published. It would appear that something went wrong very quickly.
  • JL
    James L.
    6 March 2019 @ 00:26
    0 0
    Thanks Glenn
  • LC
    Luciano C.
    4 March 2019 @ 14:09
    3 0
    I would say technically late on this one. Opportunity to capture the majority of the latest leg was above 30 1/2, with the stock overbought like this I would wait for profit-taking and buyer accumulation before breaking out of the all-time high. I.e. Red day and opportunity for buyers to show commitment by accumulating on smaller dips under 36 1/2.
    • KO
      Karen O.
      5 March 2019 @ 05:44
      0 0
      What is your time frame before it breaks out from it's all time high? Would you go for 10% on the open by 3/15/19? If there is not too much follow through on today's sell off tomorrow I think that's possible. I learn a lot from the comments section.
    • LC
      Luciano C.
      5 March 2019 @ 14:09
      3 0
      Any date or time projection you set is arbitrary. Instead, look for areas of conflict and resolution on the daily chart, and monitor intraday volume at those levels if you have the time. Look at the correlation between larger market price action like the SPY and this stock, PS is responding to SPY price action closely at the moment; I want to see how and when PS diverges from that relationship.