PROFIT TAKING ZONES FOR SUMO LOGIC $SUMO

PROFIT TAKING ZONES FOR SUMO LOGIC $SUMO

This post was just published on ZYX Buy Change Alert.

Sumo Logic (SUMO) IPO priced at $22.  The opening indication as of this writing is $28 to $29.

Consider the following:

  • On a 10% tranche consider taking profits on the open.
  • Consider taking profits on another 10% tranche in the zone of $32 to $33.43.
  • Consider taking profits on another 10% tranche in the zone of $34.73 to $36.68.

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