{"id":8588,"date":"2021-06-09T12:15:05","date_gmt":"2021-06-09T16:15:05","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=8588"},"modified":"2021-06-09T12:17:36","modified_gmt":"2021-06-09T16:17:36","slug":"lspd-breakout","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/lspd-breakout\/","title":{"rendered":"Breakout Alert: Recent IPO Lightspeed POS Nearing Buy Point ($LSPD)"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/lspdimg.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/lspdimg.png\" alt=\"\" title=\"\"><\/a><\/figure><\/div>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">TABLE OF CONTENTS<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/morpheustrading.com\/blog\/lspd-breakout\/#Lightspeed_POS_LSPD_is_a_recent_cloud_computing_IPO_that_is_setting_up_for_a_massive_breakout_after_a_4-month_consolidation_Heres_the_simple_setup_for_buying_the_breakout_entry\" >Lightspeed POS ($LSPD) is a recent, cloud computing IPO that is setting up for a massive breakout after a 4-month consolidation.  Here&#8217;s the simple setup for buying the breakout entry.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/morpheustrading.com\/blog\/lspd-breakout\/#Monstrous_Revenue_Growth\" >Monstrous Revenue Growth<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/morpheustrading.com\/blog\/lspd-breakout\/#16-week_Base_The_Breakout_Launchpad\" >16-week Base: The Breakout Launchpad<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/morpheustrading.com\/blog\/lspd-breakout\/#The_Buy_Setup\" >The Buy Setup<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Lightspeed_POS_LSPD_is_a_recent_cloud_computing_IPO_that_is_setting_up_for_a_massive_breakout_after_a_4-month_consolidation_Heres_the_simple_setup_for_buying_the_breakout_entry\"><\/span>Lightspeed POS ($LSPD) is a recent, cloud computing IPO that is setting up for a massive breakout after a 4-month consolidation.  Here&#8217;s the simple setup for buying the breakout entry.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>After going public in September 2019, cloud software company Lightspeed POS ($LSPD) traded in a range until breaking out to new highs in November 2020.<\/p>\n\n\n\n<p>After doubling over the next three months, $LSPD formed a new all-time high in February 2021. <\/p>\n\n\n\n<p>Since pulling back in March, Lightspeed POS has been trading in a sideways range and is now poised for an explosive breakout to resume the uptrend.<\/p>\n\n\n\n<p><em>Continue reading<\/em> for our simple chart analysis of the ideal buy entry point to potentially score big gains with a breakout entry.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monstrous_Revenue_Growth\"><\/span>Monstrous Revenue Growth<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>As with most of the trades in our <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\">swing trading report<\/a>,<\/strong> we primarily look for a combination of strong earnings and\/or sales growth <em>and<\/em> a proper <a href=\"https:\/\/new.morpheustrading.com\/blog\/best-stock-breakouts\/\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"https:\/\/new.morpheustrading.com\/blog\/best-stock-breakouts\/\">basing pattern<\/a>.  <\/p>\n\n\n\n<p>$LSPD reported three consecutive quarters of increasing revenue growth at +62%, +78%, and +127% respectively, though it currently lacks earnings.<\/p>\n\n\n\n<p>Since huge earnings growth is typically a target of institutional accumulation, fund ownership has also increased from 179 to 340 since June 2020.<\/p>\n\n\n\n<p>Lightspeed POS also has an <a href=\"https:\/\/www.investors.com\/ibd-university\/find-evaluate-stocks\/exclusive-ratings\/#:~:text=Relative%20Strength%20(RS)%20Rating&amp;text=The%20RS%20Rating%20tracks%20a,in%20terms%20of%20price%20performance.\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"https:\/\/www.investors.com\/ibd-university\/find-evaluate-stocks\/exclusive-ratings\/#:~:text=Relative%20Strength%20(RS)%20Rating&amp;text=The%20RS%20Rating%20tracks%20a,in%20terms%20of%20price%20performance.\">IBD relative strength rating<\/a> of 92, with its price doubling in less than four months. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"16-week_Base_The_Breakout_Launchpad\"><\/span>16-week Base: The Breakout Launchpad<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>As shown on the weekly chart below, its 10-week moving average has turned up and is providing support at the lows of its recent base of consolidation:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210609LSPD2.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210609LSPD2.png\" alt=\"\" title=\"\"><\/a><figcaption><em>Press the chart to view full-sized image<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Buy_Setup\"><\/span>The Buy Setup <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Next, let&#8217;s drill down to the shorter-term daily chart to determine the ideal buy entry point:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210609LSPD1.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210609LSPD1.png\" alt=\"\" title=\"\"><\/a><figcaption><em>Press the chart to view full-sized image<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p>As circled on the chart above, the current rally was sparked by an <a href=\"https:\/\/www.historicalstockresearch.com\/public\/112.cfm\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"https:\/\/www.historicalstockresearch.com\/public\/112.cfm\">undercut<\/a> of several weeks of lows in May, followed by a big volume gap up on May 20. <\/p>\n\n\n\n<p>After rallying +30% off its May lows, $LSPD pulled back and found support between its rising 10 and 20-day exponential moving averages&#8211;both of which are now above the 50-day moving average that is turning up. <\/p>\n\n\n\n<p>With all these positive signs of building momentum, we are now on the lookout for a breakout above the clear resistance area of $74.<\/p>\n\n\n\n<p>If the price of Lightspeed POS closes above resistance and holds, then the stock could quickly test the base highs (around $80) and blast off to new all-time highs.<\/p>\n\n\n\n<p>Waiting for a breakout above the base high before buying is an option.<\/p>\n\n\n\n<p>However, given the clear resistance at $74, we prefer a more favorable risk-reward by buying a breakout above the resistance level (with support from the 10 and 20-day EMAs just below). <\/p>\n\n\n\n<p>Finally, recent IPOs have been doing well lately, with strong price action in stocks such as $RBLX (a recent <a href=\"https:\/\/new.morpheustrading.com\/blog\/rblx-breakout\/\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"https:\/\/new.morpheustrading.com\/blog\/rblx-breakout\/\">winner<\/a>), $GLBE, $OLO, and $UPST.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\">Get started now<\/a><\/strong> with your <em>Wagner Daily <\/em>subscription to be instantly alerted to our exact buy entry, stop, and target prices in $LPSD, and to catch the next big winners on our radar. <em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts#Wagner-Daily-PRO\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts#Wagner-Daily-PRO\">Wagner Daily PRO<\/a><\/strong><\/em> subscribers receive additional trade ideas and powerful trader education in our swing trader chat.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lightspeed POS ($LSPD) is a recent, cloud computing IPO that is setting up for a massive breakout after a 4-month consolidation. Here&#8217;s the simple setup for buying the breakout entry. After going public in September 2019, cloud software company Lightspeed POS ($LSPD) traded in a range until breaking out to new highs in November 2020. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[5],"tags":[],"class_list":["post-8588","post","type-post","status-publish","format-standard","hentry","category-stock-picks-analysis"],"_links":{"self":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/8588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/comments?post=8588"}],"version-history":[{"count":5,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/8588\/revisions"}],"predecessor-version":[{"id":8606,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/8588\/revisions\/8606"}],"wp:attachment":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media?parent=8588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=8588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=8588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}