Docusign Inc. (DOCU)

by | Jan 11, 2022 | Daily Trade Alerts

Keep an eye on Docusign Inc. (DOCU).

After gapping from $230 to $136, the stock appears to have caught strong support, and could pivot higher, near-term. It’s also severely oversold on RSI, MACD, and Williams’ %R. Helping, CEO Daniel Springer has been actively buying shares. In early December 2021, for example, Springer bought about $5 million worth of DOCU stock. Just yesterday, Springer bought another $2.4 million worth of DOCU shares at $128.89. With patience, we’d like to see DOCU refill its bearish gap around $136.

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