Although the earnings season is drying up, there are still some reports here and there of interest. One since yesterday was Shopify (SHOP) which pulled a total fake-out and has collapsed under its rounded top.
Here’s the longer-term picture, which shows the stock has broken intermediate-term support in the form of a trendline.
I guess those buying the stock at these levels figure with a P/E of just 735, it must be a real bargain.
