Oct 18 in Daily Stock Post
Digital Turbine Inc (NASDAQ: APPS)
This is not investment advice; it’s a trade idea for educational purposes. All trades are inherently risky and may result in a loss. Please do your own research.
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A fast-growing player in the mobile advertising space, Digital Turbine has seen a surge in volume as investors respond to its impressive market penetration.
Currently sitting at $3.31 per share, this stock is sitting right in the heart of the S/R channel (see attached chart). While slightly trending downward, it could break out either direction.
Key Technical Indicators
- 20-Day Moving Average: $3.27
- Resistance Level: $3.66 (5% above the highest recent close price)
- Support Level: $2.87 (5% below the lowest recent close price)
CAPM Analysis
- Beta: 1.3 (higher volatility compared to the market)
- Expected Return (CAPM): 9.5%
As a longer term buy and hold, I think you can look for a decent return on this volatile stock. As a shorter term buy and sell, it is risky but has a potential upside. I bought this morning at $3.30 and plan to hold it short term to see how it moves. I will hold it longer term as needed, but I think this one has potential. See the attached Income Statement and Cash Flow Statement. There is a lot going on, but they have an influx of investment and financing cash and money to spend. Should be interesting to watch
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Digital Turbine Inc (NASDAQ: APPS)
skool.com/daily-stock-tip-6173
THIS IS NOT INVESTMENT ADVICE. This group will have a daily stock tip posted. This is for purely entertainment and educational purposes only
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