Picks for 12/7/21
CNDT - MACD is crossing and the price has consolidated for several days at the 4.96 level, which has acted as a key support/resistance...
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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
