Hello fellow traders and investors, here's another trade idea. QTWO has recently pulled back to the bottom of the ascending channel, if QTWO makes a recovery to the previous high it offers a 43% ROI.
Technicals: The Macd indicates that it's oversold and now in an uptrend The EMA's are close to crossing The RSI is oversold
When To Buy: When the EMA's crossover
When To Sell: I recommend selling at its previous high
Fundamentals: QTWO engages in the provision of digital banking solutions. Its services offer security, advisory, web services, custom services, and end-user marketing solutions. QTWO has a forward P/E of 182.50 which is absurdly overvalued, a debt/equity of 0.87 which isn't very good, a sales growth Q/Q of 25.60%, an EPS growth Q/Q of -113% which is very bad, a profit margin of -34% and a short float of 9%. In general there fundamentals are quite bad and I personally don't feel comfortable buying any shares however if it meets your criteria feel free to add it to your watchlist.
Rating: 35/100 the technicals are good however the fundamentals are not good at all.
I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow, comment your thoughts and share this trade idea. Thanks.