Making Financial Headlines · Page 10
A Software Stock Returns to Its High, and the Chart Takes a Bow
· New York time
A stock that fell during the so-called SaaSpocalypse has returned to all-time highs, according to Josh Brown, who points to a large move out of a long consolidation. Consolidation describes a period when a price trades within a relatively limited range. Brown's observation concerns the stock's past move, not a guarantee of another one. The chart has completed a dramatic comeback, turning a long stretch of sideways trading into the setup for a much livelier conversation. Investors can now debate the next chapter while admiring the last one.
Read this story in the full newspaper →Satire. Not factual reporting. Read the original reporting from the linked publishers.