AYX - Alteryx

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by MarkITRight, May 23, 2018.

  1. MarkITRight

    MarkITRight Member

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    Alteryx is a great data saas company that puts data analysis in the hands of non-programmers rather than DBA's and developers. Product itself is great and a simple click and drag way to do data analysis.

    Keybanc (who previously downgraded them) recently upgraded them 05/21
    Abidel Capital Management bought 190k shares in the past week ~ $6,000,000

    -Technically back at support and still on a long term uptrend
    -Falling wedge from top to previous support
    -On Balance Volume looks good and rising

    I like the company long term so here's my play:

    Sold some November $30 puts (with the intention to possibly buy) for ~$4
    -If stock is below $30 before November exp, my cost would be $26 a share
    -If it goes up from here I keep the $400 per contract

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  2. Stoxline

    Stoxline New Member

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    RSI and Stochastic oscillator are triggering bullish signal. On watch for clear above 39.21.
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  3. T0rm3nted

    T0rm3nted Moderator
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    I like this setup a lot, nice find @MarkITRight! Will probably take a shot on this one if I can get a dip below $32 in the next day or two.

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  4. MarkITRight

    MarkITRight Member

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    Great move in this and it corrected today on no news (overall tech sector weakness) with decent volume
    Down close to 5%

    Watching and trading this up tomorrow if technology looks strong and the bounce off the 5 day MA is confirmed
    If not going, going to wait for it to come down to $35 and then look to get in :)

    Cheers

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  5. T0rm3nted

    T0rm3nted Moderator
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    Never got the entry price I was looking for, missed the run up. Oh well.

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