INVESTORPLACE – Feb 10 – The time to buy MTCH stock was down at $30 in late 2018; now, it's time to sell. Last week, shares of Match popped on an otherwise down day for markets after the Q4 numbers that impressed investors and included a healthy subscriber growth outlook. The stock rose 5% in response. But, the truth is that the time to buy MTCH stock was back in late 2018 when the market was freaking out about the potentially slowing growth at Tinder against the backdrop of a decelerating global economy. A lot has changed since then. For starter’s, MTCH stock has almost doubled. The Relative Strength Index on MTCH stock has jumped above 70, which is traditionally considered overbought territory. Historically speaking, whenever the RSI in MTCH stock has jumped to these levels, the stock proceeded to pullback over the subsequent several weeks.
by Luke Lango
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