(Finance) – Definitely positive session for Shopifywhich is trading up by 4.98%.
The record sales announced by the e-commerce group for Black Friday contribute to giving life to the shares: an increase of 22% to 4.1 billion dollars.
On a weekly basis, the stock’s trend is more solid than that ofS&P-500. At the moment, therefore, the appeal of investors is aimed more decisively at Shopify compared to the reference index.
The short-term examination of Shopify classifies a strengthening of the bullish phase with immediate resistance seen at 74.93 USD and first support identified at 71.92. Technically, a further upward trend in the curve is expected towards new tops estimated in the 77.94 area.