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One cloud computing stock deserves a second look into earnings, Piper Sandler says

August 24, 2020

Via: CNBC
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The cloud computing stocks will get a chance in the spotlight this week.

Salesforce, Palo Alto Networks, Box, Splunk and Workday are all set to report earnings in coming days.

Palo Alto stands out from the pack, says Craig Johnson, chief market technician at Piper Sandler.

“The stars and moon are aligned here,” Johnson told CNBC’s “Trading Nation” on Friday. “On the chart, this looks like one of those inverted head-and-shoulder bottoms from a technical perspective. You’ve got a neckline at $250. We’ve broken out and started another leg higher.”

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