Married to the Glob

The likes of Globant, a Buenos Aires-based IT firm breaking to new all-time highs this morning after earnings, may very well be flying under-the-radar compared to some of the more alluring plays like crypto.

But that is fine by me, as I would rather stalk plays like GLOB which are breaking out to little fanfare, rather than hot money trades like RIOT which carry too much risk to justify the potential reward. 

On the GLOB weekly chart, below, we can see that the earnings rally is not just a singular event. This chart is clearing well-defined resistance, pending the weekly close today. 

So while the likes of Shake Shack did not conquer its earnings demons, there are still plenty of other promising earnings winners this season like GLOB, which we want to track into the next week for a lower risk long entry above $50.