Yesterday at a glance: Medallia closed a flat day of trading at $34 yesterday after ending Wednesday at $33.97. United States Non Farm Payrolls is next today at 12:30 UTC.
Technical analysis of Medallia before 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.
As the markets get ready for more data to be released — Accenture plc Class A (Ireland) went down to $256.88, losing 5.71% after it closed at $272.45 yesterday. Qualcomm closed at $103.88 (down 7.66%). Apple closed at $138.88 (down 4.24%).
Earlier data releases related to Medallia – United States ISM Non-Manufacturing PMI (Oct) released yesterday at 14:00 UTC with a figure of 54.4, while the previous figure was 56.7. United States Initial Jobless Claims improved upon its previous reading of 218,000 with a new data release of 217,000.
Coming up for Medallia — projections for United States Non Farm Payrolls are set for a continuation of decline with 200,000 while previous data was 263,000; data will be released today at 12:30 UTC. United States Unemployment Rate projected to come out at 3.6 — worse than previous data of 3.5; data will be released today at 12:30 UTC.
The stock has been trending positively for about 11 months.