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Shopify Inc. Class A Subordinate (SHOP) – stock is trading around $317.05 dollars as of November, 21, 2019 and offering a possible buying price between $317.05 – $332.90. Let’s look at the stocks technical actions using a weekly chart.
2. After a breath taking run, the stock finally broke down back in early September.
3. The stock witnessed heavy volume selloff after that and started live below the 50 day moving average.
4. The stock appears to be finally reclaimed the 50 DMA.
5. The stock is offering possible buying price between $317.05 – $332.90, with a stop loss at $291.69.
This stock is already part of the Stocks Above 100 Dollars pick and performance will be tracked here .
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