Despite posting decent earnings numbers, Spotify (SPOT) dropped 11% after reporting earnings on April 28.
Now the stock appears to be showing signs of stabilization — which caught Scott Bauer’s eye.
In an appearance on the Schwab Network, Scott featured Spotify in their Big 3 segment.
He discussed how Spotify has moved post-earnings, and how he would consider trading it now.
The analysis, insights, and strategies shared by Prosper Trading Academy’s coaches in Prosper Insider are strictly for educational and informational purposes only. All content reflects the personal opinions of the coaches and should not be construed as specific investment advice or recommendations. Any examples discussed are illustrative in nature and do not represent actual live trade signals or instructions to buy or sell securities. Trading involves risk, and individuals should carefully evaluate their own financial situation before making investment decisions.
Scott’s analysis covers:
- If Spotify was “punished” after earnings
- How the market could view the stock post-selloff
- Signs of consolidation he’s seeing
- The bullish trade setup he would consider using
- If he expects a massive rally in SPOT
