WDAY is a new one on my radar and I'm glad I found this one. After further review of this company, a lot of things attract me about this stock while being in the current state of the market. WDAY has the highest P/E that I have ever come across (17,418) while trading. This company hasn't generated a positive net income in 5 years and is currently sitting on support. Frankly, I'm pessimistic about the outlook of this company. As money starts moving away from equities, the companies with the highest P/E's are typically hit the hardest. If WDAY breaks below the trendline, WDAY will most likely head to the 2.618 Fib retracement at $220.
Not financial advice
Not financial advice