EARN25

APPS Stock Chart Signals Buying Opportunity

The mobile advertising stock is holding near a bullish trendline

Dec 16, 2019 at 3:19 PM
facebook X logo linkedin


App delivery expert Digital Turbine Inc (NASDAQ:APPS) has been a steady winner in 2019, pacing to close the year with a gain of more than 300%. The shares hit a decade-plus high of $9.13 on Nov. 29, and pulled back from there. A quick look at the chart for APPS would suggest this could be a prime entry point for bulls, and the data backs it up.

Specifically, data from Schaeffer's Senior Quantitative Analyst Rocky White shows that the 80-day moving average in particular has been support in the past. White's most recent study showed that the three previous pullbacks to the 80-day has yielded an average 21-gain of 27.1%, producing a positive return each time.

apps stock dec 16

Not surprisingly, all four analysts covering the security are bullish, each handing out "strong buy" ratings. Options traders have certainly been bullish, as well. For instance, the 10-day call/put volume ratio at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) comes in at 20.77, showing almost 21 long calls crossing for every put in the past two weeks.
 

You Don’t Need 25 Alerts -- You Need ONE You Can Trust!

That’s the idea behind Trade of the Week, Schaeffer’s newest trade alert.

Every Monday morning before the opening bell, you’ll receive a single, expertly researched trade recommendation -- built from the same proprietary research we’ve been using for over four decades.

It’s not just a signal.

It’s a plan designed for traders who are tired of jumping from alert to alert without ever finding their edge.

No juggling alerts. No switching directions mid-week. Just one clear, expertly researched trade idea -- delivered before the market even opens.

👉 JOIN RIGHT NOW FOR JUST $1 TO GET THE NEXT TRADE!