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This Week in Charts

In this edition: Pinterest, Alteryx, Teladoc, Allegro MicroSystems, & LendingTree.

Caleb Dismuke
Caleb Dismuke
4 min read

Note: R/R=Reward to Risk Ratio. If a stock has a R/R of 10, it means it has the potential to make $10 for every $1 risked.


Pinterest ($PINS)

Pinterest ($PINS) chart
Pinterest ($PINS) chart

What's happened: The stock has fallen 42% after peaking in February 2021 at $89.90. It's currently trading at $54.

Levels to watch: The current support zone is between $50-$52. If the support zone holds, the first upside target is $75 (+44%).

If the support zone breaks, the next support level is $45 (-13%).

Potential trade metrics

Entry $52
1st Target $75
Stop $48.50
R/R 6.57

Financial highlights

Pinterest revenue, gross profit, EBITDA, & FCF
Pinterest revenue, gross profit, EBITDA, & FCF

Recent news

  • Pinterest Stock: Focus on Monetization, not User Growth (Yahoo Finance)
  • Pinterest Extends Its Shopping Features to 7 New Countries (Adweek)

Alteryx ($AYX)

Alteryx ($AYX) chart
Alteryx ($AYX) chart

What's happened: The stock has fallen 60% after peaking in July 2020 at $185. It's currently trading at $70.50.

Levels to watch: Current support is at $70. If $70 holds, the first upside target is $110 (+57%).

If $70 breaks, the next support level is $50 (-28%).

Potential trade metrics

Entry $70
1st Target $110
Stop $66.50
R/R 11

Financial highlights

Alteryx revenue, gross profit, EBITDA, & FCF
Alteryx revenue, gross profit, EBITDA, & FCF

Recent news


Teladoc ($TDOC)

Teladoc ($TDOC) chart
Teladoc ($TDOC) chart

What's happened: The stock has fallen ~57% after peaking in February 2021 at $308. It's currently trading at $133.70.

Levels to watch: Current support is at $135.50. If $135.50 holds, the first upside target is $180 (+33%).

If $135.50 breaks, the next support level is $100 (-26%).

Potential trade metrics

Entry $135.50
1st Target $180
Stop $129.65
R/R 7.6

Financial highlights

Teladoc revenue, gross profit, EBITDA, & FCF
Teladoc revenue, gross profit, EBITDA, & FCF

Recent news


Allegro MicroSystems ($ALGM)

Allegro MicroSystems ($ALGM) chart
Allegro MicroSystems ($ALGM) chart

What's happened: The stock is making new all-time highs, eclipsing its previous ATH of $34.66.

Levels to watch: These breakouts can go one of two ways:

  1. It fizzles and fails to maintain momentum above $34.66.
  2. It's the real deal, and the stock will continue its march higher.

How can you know which one?

Any retest of the previous ATH near $34.66 should hold the downside if the bull-run has legs.

Note: I consider the $32.00-$34.66 zone support. So...if the price dips to the $32ish area, no big deal😉

Potential trade metrics

There aren't any. Breakouts either work or don't. But when they do, they can produce massive gains.

Financial highlights

Allegro MicroSystems revenue, gross profit, EBITDA, & FCF
Allegro MicroSystems revenue, gross profit, EBITDA, & FCF

🔥 Their financial data goes back to 2006, but the chart only goes back to 2020🤔 Maybe it has to do with their owner. Allegra is a subsidiary of Sanken Electric Co. (¥TWO). Sanken sold a minority stake in Allegra to One Equity Partners in 2017.

Recent news

😴 Moving on...


LendingTree ($TREE)

LendingTree ($TREE) chart
LendingTree ($TREE) chart 

What's happened: The stock has fallen ~65% after peaking in July 2019 at $434.94. It's currently trading at $153.90.

Levels to watch: Current support is at $140. If $140 holds, the first upside target is $240 (+72%).

If $140 breaks, the next support level is $100 (-28%).

My take: This stock is in a downtrend (lower lows & lower highs). I think it trades in a range for years. I would be SHOCKED if it retested its all-time high anytime soon.

Potential trade metrics

Entry $140
1st Target $240
Stop $124.70
R/R 6.54

Financial highlights

LendingTree revenue, gross profit, EBITDA, & FCF
LendingTree revenue, gross profit, EBITDA, & FCF

Recent news

😴

Stocks to Watch

Caleb Dismuke

I enjoy spending time with my family, cooking, and brainstorming business ideas.