SQ has had an enormous run since its march lows due to the business's strong operating results and improving margins. However, in the last two weeks, the rally has taken a bit of a break.
While there is some valuation risk here, the momentum still remains to the upside, and this breather could present an opportunity to lock in gains or initiate a new, low risk position by positioning your stop loss order below the recent consolidation, around $112.
If the stock turns around then you will likely be able to buy it again at lower prices, and if it continues higher then you can participate in further expected upside! A solid Win-Win.
While there is some valuation risk here, the momentum still remains to the upside, and this breather could present an opportunity to lock in gains or initiate a new, low risk position by positioning your stop loss order below the recent consolidation, around $112.
If the stock turns around then you will likely be able to buy it again at lower prices, and if it continues higher then you can participate in further expected upside! A solid Win-Win.
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