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Cornerstone OnDemand (
CSOD) provides comprehensive learning and talent management solution delivered as software-as-a-service. This stock is trading up 1% at $44.50 in recent trading.
Today's Volume: 218,000
Average Volume: 388,881
Volume % Change: 148%
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From a technical perspective, CSOD is trending modestly higher here with decent volume. This stock has been uptrending strong for the last few weeks, with shares moving higher from its low of $39.07 to its recent high of $45.46. During that uptrend, shares of CSOD have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of CSOD within range of triggering a near-term breakout trade. That trade will hit if CSOD manages to clear its all-time high at $45.46.
Traders should now look for long-biased trades in CSOD as long as it's trending above $43 or $42.50, and then once it sustains a move or close above $45.46 with volume that hits near or above 388,881 shares. If that breakout triggers soon, then CSOD will set up to enter new all-time high territory, which is bullish technical price action. Some possible upside targets off that breakout are $50 to $55.
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