Square stock up 4% on analyst comments
Analyst Dan Dolev of Nomura Instinet reiterated his buy rating for Square (SQ), noting the firm is “analogous to Amazon or Google in their early days”.
The stock subsequently rose over 4% in early trading on Friday. However, our outlook for SQ is less rosy.
Time To Sell Square stock?
As outlined in our New Year’s Special, the stock is on our “Riskiest list for 2018”. See the chart below for our projection based on SQ market cycles.
Square (SQ) Stock Chart Based on Weekly Bars
Visit our site for more on our approach to using market cycles to analyze stocks.
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Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
