NetSuite Inc. provides cloud-based financials/enterprise resource
planning (ERP) software suites in the United States and internationally.
It offers NetSuite, a single platform for financials/ERP, customer
relationship management (CRM), professional services automation (PSA),
and e-commerce capabilities that automate processes across departments.
The company also provides NetSuite OneWorld, which offers the ability to
manage various companies or legal entities, with different currencies,
taxation rules, and reporting requirements, within a single NetSuite
account; NetSuite CRM+ that includes sales force automation, marketing
automation, customer support, and service management functionality; and
NetSuite OpenAir PSA, a PSA solution that is used by professional
services organizations and is targeted to companies with thousands of
employees, which provides a view into the services organization's
performance and profitability with dashboards and reports. In addition,
it provides SuiteCommerce solutions for retail and B2B businesses;
NetSuite Retail Anywhere, a point-of-sale solution to retail businesses;
add-on modules; NetSuite industry editions; and SuiteCloud Platform
that allows customers, partners, and developers to tailor and extend its
suite to meet specific company, vertical, and industry requirements for
personalization, business processes, and best practices.
To review NetSuite's stock, please take a look at the 1-year chart of N (NetSuite, Inc.) below with my added notations:
N has almost doubled in price since its $40 bottom in May. Along the
way, the stock has formed a nice trendline of support (blue). Always
remember that any (2) points can start a trendline, but it's the 3rd
test and beyond that confirm its importance. Obviously N's trendline is
very important to the stock since it has been tested on multiple
occasions. Another point worth noticing is N's tendency to find support
on the increments of $5 (red).
The Tale of the Tape: N has created a nice trendline of support over
the last year. A long position could be entered on a pullback to that
trendline, which is approaching $70, and $70 would make sense
considering N's common $5 supports. A short position could be entered if
N were to break the trend line support.
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