When a stock surges based on a strong earnings report, analyst upgrade, or other fundamental factors, it’s tempting to jump into the stock. But often, when a stock’s price spikes due to a one-off fundamental event, there’ll be a pullback, one that will present a better technical picture of the stock. For this reason, it’s best to scope out stocks that have the potential to be an attractive investment, and then set an alert for when the price hits a certain threshold. Workday Inc. Stock Has Potential The StockCharts Technical Rank (SCTR) ranked Workday Inc. stock as the highest Top Up in the Large Cap category (this can change during the trading day). STOCKCHARTS SCTR REPORT IDENTIFIES TECHNICALLY STRONG STOCKS. Workday Stock’s Price Action The weekly chart of Workday, Inc. (WDAY) below shows the stock has seen pretty choppy action. As a result, WDAY may be an appropriate intermediate-term trade…
