Globant SA stock is in the software industry & has shown recent bullishness that traders & investors may be interested in.
GLOB stock closed at $302.85/share on 10/15/2021.
Globant SA GLOB Stock’s Technical Performance Broken Down
GLOB Stock Price: $302.85
10 Day Moving-Average: $280.37
50 Day Moving-Average: $298.51
200 Day Moving-Average: $238.30
RSI: 56.8
MACD: -4.345
On Friday, GLOB completed a bullish MACD crossover, while also breaking out above its 50 Day Moving-Average.
This comes as a 4th straight day of gains, with additional momentum on the way, as the 10 Day MA is ~9% less than the 50 Day MA.
While their RSI is tending towards overbought at ~57, there is still room to continue climbing higher in the near term.
The $319.75-mark is where GLOB will be looking to test next as it establishes its new range.
Globant SA GLOB Stock As A Long-Term Investment
Investors may be interested in GLOB stock, as it’s balance sheet looks appealing.
With Total Cash (mrq) of $465.1M & Total Debt (mrq) of $94.44M, GLOB’s financials look appealing for long-term holding.
GLOB is a technology stock, so their rich P/E (ttm) of 150.53 & P/B of 8.99 are not of great concern to many investors, as they seek to profit of off Globant’s long-term profit growth.
Globant SA’s Quarterly Revenue Growth Y-o-Y is an impressive 67% with 92% Institutional Investors.
GLOB stock does not offer a dividend yield, which may be a turn off to some investors.
Globant SA GLOB Stock As A Short-Term Trade Using Options
Short-term focused traders may wish to take advantage of GLOB stock’s current momentum by using options.
This also enables them to fend off broader market volatility, which will be important in Q4 2021.
I am looking at the contracts with the 11/19 expiration.
The $300 & $290 calls are already in-the-money, which should yield profits in the near-term as the price begins to establish a new range.
For puts, the $310 & $320’s are in-the-money, and the $300’s could join them if broader market volatility persists.
Tying It All Together
At the end of the day, GLOB stock presents many appealing opportunities for investors & traders alike.
Investors may be interested in their balance sheet & revenue growth, as well as the exposure to the software & information technology space.
Short-term traders should like GLOB’s current momentum, as it looks set to continue climbing in the near-term, despite the broader market being more volatile.
Globant SA stock is worth taking a closer look at, regardless of your time frame & trading style.
*** I DO NOT OWN SHARES OF GLOB STOCK ***