On 11/9 VERI beat EPS est on the top and bottom line. Priced gapped up to open from 30.61 to 36.03. Most of the gap up was sold off but the 11/10 candle managed to close higher than the candle prior to it. The 11/11 candle is an "inside bar" which is bullish in an up trend. It was followed by a bullish candle that closed above the .5 fibonacci level.
In addition the ADX is at 61 signaling a moderately strong trend. Finally we see a "golden cross" with the 50 sma crossing the 200 sma which is extremely bullish.
With inflation, hyper growth stocks are in demand so I feel VERI is in a good spot to rally to prior highs into year end.
Targeting: 43.05, 50 by end of year.
I am long VERI
www.tickerstickers.net
In addition the ADX is at 61 signaling a moderately strong trend. Finally we see a "golden cross" with the 50 sma crossing the 200 sma which is extremely bullish.
With inflation, hyper growth stocks are in demand so I feel VERI is in a good spot to rally to prior highs into year end.
Targeting: 43.05, 50 by end of year.
I am long VERI
www.tickerstickers.net
