EarningsBeats.com Digest for October 7, 2020
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Trading Places Live!
Join Tom Bowley for a briefing on market activity on Mondays and Wednesdays from 9-9:30 am EST before the opening bell. Click here to listen live or visit our YouTube page later today to view the recorded session.
Next up on the EarningsBeats.com Calendar:
"The Power of StockCharts Tools with EarningsBeats
Research Engine"
When: Saturday, October 10, 11am – 12pm
Description: Tom Bowley, Chief Market Strategist at EarningsBeats.com, and Grayson Roze, Vice President of Operations at StockCharts.com, will co-host this informative and thought-provoking webinar.
There will be a variety of topics discussed to include the new Advanced Charting Platform (ACP) at StockCharts and the new ETF service to be launched at EarningsBeats.com. Also, Tom will plan
to discuss EB's various portfolios, ChartLists and scanning strategies and how all of it integrates seamlessly with the StockCharts platform.
This is a FREE event and is open to everyone. Room instructions will be sent out the morning of the event.
A Media Agency Company Destined To Move Higher
I try not to argue with the charts and what they're telling me. And when I look at LiveRamp Holdings, Inc. (RAMP), I like what I see. Despite the stock trading 10% off its recent price high, its AD line is challenging a 52 week high. Price and channel support both reside in the 49-50 area, volume trends are strong, and RAMP's relative strength vs. its media agency peers and the benchmark S&P 500 have been rising since the pandemic
started:
There's certainly work left to be done. Media agencies have benefited from sector and industry group rotation, especially over the past 5-6 weeks, but its relative strength still has much room left to reach the relative highs established back in April and June. I'm not totally comfortable with the industry until that double relative top is cleared. Fundamentally, RAMP is in two of our ChartLists - the Strong Earnings ChartList (SECL) and the
Raised Guidance ChartList (RGCL). The solid fundamentals suggest to me that further breakouts are just around the corner for RAMP.
Happy trading!
Tom Bowley
Chief Market Strategist
EarningsBeats.com
Better Timing. Better Trades.
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