This weekend, I put one of my houses up for sale. Even though I was 100 miles from my property, I was able to review, sign, and deliver five documents in about two minutes, using DocuSign.
DocuSign has gained about 195% year to date, and yet after a recent pullback, the stock is well off its highs.
DocuSign, which traded as high as $290 on September 2nd, closed on Friday at $218. That’s a 24% discount in just over a month, but the stock remains in its uptrend. The stock briefly slipped below its 50 day moving average, in red, but now DocuSign is trading above that key indicator.
DocuSign also received a buy signal from its MACD (moving average convergence divergence) indicator, shaded in yellow. That buy signal occurred on September 29th.
DocuSign is trading on slightly below average volume, shown in the rectangle. This is normal during a