Sumo Logic - Trend Line

Sumo Logic is a cloud-based machine data analytics company focusing on security, operations and BI usecases. It provides log management and analytics services that leverage machine-generated big data to deliver real-time IT insights. Recently adding Amazon to their customer's list, Sumo Logic takes a long-term buy position in our portfolio. In our opinion, Sumo has two ways to go at this point: Touch the resistance line and drop to the support, or go all the way back to support and then jump back. Either way if you haven't invested in Sumo Logic yet, wait for it to get closer to its support line and make a purchase then! Good Luck and Stay Safe!