SHOPIFY (SHOP)
Current Action: Shopify slashed losses Tuesday afternoon following a morning loss of over 5%. Shares triggered the 7% loss rule from a handle entry at 159.01. They had already triggered the 7% sell rule from a cup base's 156.85 buy point. Now, they are searching for support around their 50-day moving average. Shopify operates an e-commerce platform allowing online retail businesses to market, sell, process payments and track orders and inventory.
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