In The Zone

 

$FSLY – Fastly, Inc.

 

In the Zone this week is FASTLY, Inc. in which trades on the New York Stock Exchange under stock symbol FSLY.

 

Fastly is a San Francisco headquartered company. The company operates an edge cloud platform for processing, serving, and securing its customer's applications. The edge cloud is a category of Infrastructure as a service that enables developers to build, secure, and deliver digital experiences at the edge of the Internet. 

 

It is a programmable platform designed for Web and application delivery. As of December 31, 2019, the company's edge network spans 68 points-of-presence worldwide. It serves customers operating in digital publishing, 

media and entertainment, technology, online retail, travel and hospitality, and financial technology services industries. 

 

If you take a look at the stock chart of the company you will notice that the stock has moved from a price low of $10.63 to a price high of $136.50 in the past year. What I am looking for is a breakout in price above $96.49 in order to take this stock higher. At the close of trading in the market on Friday the stock ended the day trading at $95.69 down $1.16 or -1.20% on 24.78 up $0.79 or 3.29% on lighter than average trading volume of 7.91 million. The average weekly trading volume for the company is 10.25 million.

 

In the week ahead please pay close attention to the general market as well as put this stock on your radar as well as set your alerts for a possible price move to the upside in the week ahead.

 

By Marlin Rolle

 

Please note that all the stocks listed are not buy recommendations; please do your own due diligence or get help from a professional before trading.