US Stock In Play: $MDB (MongoDB Inc)

US Stock In Play: $MDB (MongoDB Inc)


$MDB broken out of a double bottom chart pattern from $325, general trend resumption price action behavior, rallying +17.36% within a week. $MDB is currently close at $380, its 3 months high.

With $MDB current implied volatility remaining 40% away from its peak of $26/day that was set in March 2021, $MDB remains in traction to recapture its all time high of $428 at its current price action momentum that is defying general market weaknesses.

$MDB provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced , a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas , a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB . It also provides professional services, such as consulting and training.

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