Thursday, February 21, 2019 11:40:58 AM
Wix.com Ltd. (NASDAQ:WIX) is a leader in web development platforms that helps businesses and organizations to create and manage their digital presence. The company sold off sharply after reporting earnings on February 20, 2019. The stock peaked before earnings at $125.84 a share on February 19th and is currently trading around the $108.00 level today. It should be noted that the stock ran up into the earnings announcement, so most of the good news was probably already factored into the stock price already. One support area that I will be watching closely to get into the stock will be around the $96.50 level. This is where the stock broke out in early January. Often, stocks that retest their breakout levels will likely be defended when initially tested.
Nick Santiago
InTheMoneyStocks
Recent WIX News
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
