Stock Picks: Sign Your Doc Through Cloud – DocuSign (DOCU)

January 12, 2021, 2:35 pm EST

Sign Your Doc Through Cloud – DocuSign (DOCU)

Did you sign documents through on-line web or apps recently ? In the past, it looked fancy, convenient and unsafe to sign important documents through your smartphone, tablet, or computer. But e-signature quickly replaced traditional face-to-face printed paper signatures. Especially, signing docs remotely became essential and necessary after COVID-19 pandemic and stay-home order. Furthermore, faster and secured network, portable devices, and fast turnaround force this transformation much quicker. Having this background in mind, you know why DocuSign (DOCU) climbed up a couple hundred percent from 70 to 250 during COVID-19 period in March 2020. Other highlights include:

  • EPS growth 100% (last qtr)
  • 3 year EPS growth 274%, 3 year sales growth 39%
  • Technically, crossing 250 resistance may start another uptrend rally
  • Entry point 260, sell-stop 240
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