DigitalBridge Group Inc. - 01/24/24
- Peter Schenk
- Jan 24, 2024
- 1 min read
Chart of the Day: (01/24/24)
DigitalBridge Group Inc.
(DBRG, NYSE)
Open Position: 3.3%
ACB: $17.95
Last: $19.95
Stop: TBD
DigitalBridge is a leading global alternative asset manager dedicated to investing in digital infrastructure.
The company saw its fee-earning equity under management reach nearly $30 billion at the end of its recent third quarter, 46% year-over-year growth.
This DBRG chart will be in Technical Analyst textbooks one day. Since September the shares saw a classic rounding bottom turning into a Cup with Handle, with an additional Cup with Handle on the right side as volatility contracted building up energy for an exit from the Cup.
After a 13% move on strong volume, in three days, DBRG stock may be wondering where the 20 Day EMA is. A rest would not be unexpected here.
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