It may be time to start nibbling at OKTA again after a horrendous few months for the stocks and indeed the entire sector.
The next resistance to the upside is at $115 and having regained the 200 MA should help.
Indicators have all reset and are in reversal mode.
The stock is well off the average analysts price target of $143.
Short interest remains high at 9.5%.
Company profile.
Okta, Inc. provides an enterprise-grade identity management services. Its products include single sign-on, multi factor authentication, API access management, API products and integration network services. Okta was founded by Todd McKinnon and J. Frederic Kerrest in 2009 and is headquartered in San Francisco, CA.
The next resistance to the upside is at $115 and having regained the 200 MA should help.
Indicators have all reset and are in reversal mode.
The stock is well off the average analysts price target of $143.
Short interest remains high at 9.5%.
Company profile.
Okta, Inc. provides an enterprise-grade identity management services. Its products include single sign-on, multi factor authentication, API access management, API products and integration network services. Okta was founded by Todd McKinnon and J. Frederic Kerrest in 2009 and is headquartered in San Francisco, CA.