This one-time Covid darling is undergoing a bearish-to-bullish reversal, according to Carter Worth

Zoom Video Communications Inc News

This one-time Covid darling is undergoing a bearish-to-bullish reversal, according to Carter Worth
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The chart analyst gives his view on Zoom shares.

Zoom Video Communications , a Covid darling and post-Covid dog, is judged to be an excellent opportunity on the long side going into earnings next week. The darling part: ZM advanced from $60.97 in October of 2019 before the pandemic hit to $588.84 in October of 2020 The dog part: ZM declined from $588.84 in October of 2020 to $55.

Click here for the full disclaimer.David Keller

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