While the U.S. equity markets have been under pressure, we've been hunting for pockets of relative strength.
These are the areas that will perform best once the selling subsides.
If a stock can buck the trend now, imagine how well it can do once the bulls regain control of the tape.
On Wednesday, we heard from the $2.4B customer experience management (CXM) solutions company, Sprinklr $CXM.
For the 2nd consecutive quarter, the company reported a double beat and rallied.
The company increased its number of $1M customers by 18% year-over-year. This growth in high-value customers underscores the platform's value and potential for future revenue expansion.
As a cherry on top, the management team believes this growth will continue. They issued much better-than-expected forward guidance.
The market loved everything about this report, and the stock was rewarded for it.
This was the stock's 3rd best earnings reaction ever. We tend to see big earnings reactions before big trends in the stock price.
Here's the technical setup in CXM 👇
Sprinklr is on the cusp of resolving a textbook bearish-to-bullish reversal pattern. We want to be involved if and when the bulls make a decisive move.
We only want to be involved if CXM is above 9.50.
We don't want to own the stock if it slips below our line.
