Critical Event Management Stock Poised To Move Higher

By | June 24, 2020

Everbridge (EVBG) is a software company located outside Boston. It’s platform and software applications address critical event management and it serves enterprises and government agencies. Here’s a link to an interview with the commpany’s CEO and a description of their “Covid-19 Shield.”

The daily chart shows the stock price consolidating this month in a rising channel above a rising tend line that goes back to April.

In trading on Tuesday, Everbridge shares attempted to break through a zone of resistance located just below the $140 level. It closed near the high of the day suggesting at least another attempt to penetrate the resistance area. The relative strength index is crossing above its 21 day moving average and centerline. This reflects improving positive price momentum. Chaikin money flow is crossing into positive territory suggestive of improving money flow.

The technicals point to a stock that is poised to move higher and the 14% short interest could initiate some covering.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.