I am looking at the TTD, any thoughts on this stock?
I REALLY like this company and their leadership. The stock is forming a double bottom base, and is now trading above its 50sma.
The one thing that concerns me about this stock is the decelerating sales growth rate. It has gone from triple digits two quarters ago down to 24% at its most recent earnings report. Of course, it can always re-accelerate and the price of the stock outweighs the fundamentals.
Maybe it will pull back to the 50sma ($79.00) in the next few sessions? That would provide us an opportunity to buy it on the bounce off support from that area. If we get a follow through day this week it will be one to watch as this stock can really move. We really need some tailwinds from the stock market right now.