Workday Inc (WDAY) – Enterprise Cloud Play – June 4th, 2020
The bullish DailyPlay for Thursday, June 4th is Workday Inc (WDAY). WDAY has rallied 21.94% in the past month and 1M and 6M turned bullish on May 19th and May 21st respectively. WDAY recently broke above its 200-day moving average and has since pulled back providing a good buying opportunity.
- Stronger than expected Q1 results on subscriptions and revenues
- Growing demand for Human Capital Management post COVID-19
- Earnings August 27th (89 days)
- Recently broke above 200-day MA and pulled back yesterday to provide a good buying opportunity
- Very strong relative strength score (9 out of 10)
- Next major resistance level at $200