Medallia closed a flat day of trading at $34 yesterday after ending Monday at $33.97.
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Earlier data releases related to Medallia – United States API Weekly Crude Oil Stock released yesterday at 21:30 UTC with a figure of -4.8 million, while the previous figure was -5.83 million. United States 7-Year Note Auction released yesterday at 18:00 UTC with a figure of 3.89, while the previous figure was 4.027.
Here is the technical analysis of Medallia before its data is released:
A study of Medallia's chart reveals various key levels to watch: Medallia, Inc. is approaching key support, around 1 cents away from $33.98. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.
Coming up for Medallia — United States Core Durable Goods Orders is projected to outperform its last figure with 0.1%, having previously been at -0.5%. The figure will be published today at 13:30 UTC. United States Crude Oil Inventories is projected to outperform its last figure with -1 million. It previously stood at -5.4 million; data will be released today at 15:30 UTC.
As the markets get ready for more data to be released — Intuit gained 4.59%, as it traded at $392.23. NVIDIA was up 4.71%. Intel traded at $29.82 after closing yesterday's trading day at $28.94 (up 3.04%).
The stock has been trending positively for about a year.