A Close Look at a Surging Stock

Published on
March 4th, 2019
Duration
9 minutes

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

  • JG
    JAMES G.
    6 March 2019 @ 09:40
    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
    Thanks Glenn
  • LC
    Luciano C.
    4 March 2019 @ 14:09
    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
      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
      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.