The chart of Match Group shows a nice breakout recently on strong turnover, a sign the institutions are still interested in buying up the stock. The cloud is green and bullish, expanding outward. RSI came in a for a pullback recently but now we see this stock performing much better than the rest of the market.
MACD is turning up for a buy signal, and what we noticed is the stock quietly exceeded the September highs this week.
Match owns some of the top online dating sites on the internet, and with such good stock performance we believe the market has started a fire underneath Match. There is some nice upside to be had.
Take a deeper dive into Match Group chart action (Nasdaq: MTCH) and learn how to read the technicals. Get Bob Lang’s full analysis as he marks up our chart of the week.
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About Match Group (MTCH)
Match Group, Inc. provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. Match Group, Inc. offers its dating products through its applications and Websites in approximately 40 languages. The company was incorporated in 2009 and is headquartered in Dallas, Texas. Match Group, Inc. operates as a subsidiary of IAC/InterActiveCorp.