Could APPS rise towards its resistance level of $10?
|Today’s instrument is the Digital Turbine Inc., which operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers, and whose stock is traded in Nasdaq exchange under the ticker APPS.
Looking at the APPS’s chart, we can see that the stock has been in a downtrend, with a big drop on the 25th of May, which was justified by the worst-than-expected quarterly earnings announced the previous night.
The last close price was at $9.22, up from its 52W low price of $7.72. Today, if it holds the price above the level of $9, we could see it rising towards its resistance level at around $10, otherwise it could retreat toward the level of $8.
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