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Shopify: $150 Short, $170 Long Price

Short
NYSE:SHOP   Shopify Inc.
Shopify is one of those stocks that went really up the past few years and is sort of a gold mine in the startup world. More and more people are getting interested in dropshipping and e-commerce and the market demand is showing. The small negative dip it had, immediately re-correlated to positive and had a breakout the following quarter. Even though there could be potential for still some negatives after that dip, it is reasonably a conservative investment for those who expect returns. Within a few weeks, a $150 threshold is possible, and within the end of the year, crossing the $170 price tag is quite reasonable.

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