The Gilmo Report

March 6, 2019

March 6, 2019

Leading cloud software names took some heat on Monday as the indexes sold off on higher volume. In the same way that these stocks have moved in lock-step higher since the Christmas Eve lows, they all sold off in lock-step on Monday, some more sharply than others. Here we see Workday (WDAY) start the week off with a two-day slide down to its 50-dma as a month’s worth of slow, plodding gains evaporate in two days.

 

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