There are very successful stocks that have a forward pe of 300% in this sector..Something like that is way more flirting with disaster imo.
This stock has been hovering at 133 for 28 trading sessions now(so 5+ weeks). For all the claims of it being overpriced, it has not sold off. The moving average C/D appears to be showing an incoming uptrend and likely breakout. If it was going to move back to it's pre earnings price range of 70 bucks, surely it would have done that by now. Instead it's been consolidating, allowing the value to catch up to the price.
I think this is a good buy, particularly if it breaks resistance at 143.
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- a9032·03-27You make some good points there.LikeReport
- FooSingFat·03-28GoodLikeReport
- KSR·03-27👍LikeReport