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Find Out: A Bearish Trading Opportunity In a Cloud-Based Software Company

Find Out: A Bearish Trading Opportunity In a Cloud-Based Software Company

Posted On September 4, 2019 2:35 pm
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Atlassian Corporation (TEAM)  was one of the hottest company’s in terms of its growth and stock price.  But now, it looks like it’s losing steam and breaking down, setting it up for a bearish trade.

Atlassian Corporation Plc – Class A Ordinary Shares (TEAM – Get Rating) is a cloud-based software company which provides a variety of tools for content creation and project management. It has enjoyed great growth tapping into a tailwind of high growth sector and using the SaaS model which has helped propel the shares up some 70% this year alone.

But… Continue reading at StockNews.com

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About author

Steve Smith
Steve Smith

Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.

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