Trade Desk Finds Resistance

Loading...
Loading...

Trade Desk Inc TTD shares are trading higher by $0.34 at $26.70 in Monday's issue. The issue, which debuted on September 21, ended its first trading session at $30.10.

Following a two-day decline to $26.84, it mounted a furious three-day rally that came to an abrupt end at $33.40, which stands as its all-time high. Its all-time closing high was posted the same day at $33.39.

The ensuing decline ended with a series of lows at $23.50 area, with the latest low coming on October 11, when it reached $23.50, but ended the day at $24.78.

The issue has found resistance in the same area in the last two sessions. After peaking at $27.24 on Friday, $27.25 stands as the current high in Monday's session. That high matches its October 4 high, which was put in place the day before its all-time low was made the following day.

Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...