The Trade Desk Stock: Poised To Break Out (Technical Analysis)
The Trade Desk(TTD) Seeking Alpha·2024-05-11 06:12
Andrey Zhuravlev Trade Desk stock: ready to challenge the $100 resistance level The Trade Desk, Inc. (NASDAQ:TTD) stock has been gaining momentum recently, as illustrated by the chart below. Its stock prices are up more than 38% in the past year, outperforming the S&P 500 Index (SP500) over the same time frame by a wide margin. Despite such large price advances, investors seem to remain very enthused about the company’s long-term prospects, as reflected by the 59x P/E they are willing to pay for the sha ...