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Stock Of The Day: Will The Trade Desk Fill The Gap?

Stock Of The Day: Will The Trade Desk Fill The Gap?

The Trade Desk, Inc. (NASDAQ:TTD) is trading higher Tuesday after the digital advertising company announced that it would be added to the S&P 500 Index. This is considered a bullish dynamic because it expands the number of institutional investors who can invest in the stock.There is a chance it is about to fill a gap. This could mean a rapid move higher. It is why The Trade Desk is our Stock of the Day.As you can see on the chart, the shares have run into resistance around $85.50. This isn't a coincidence. On Feb. 12, the stock closed at $122.23. The next day, it opened at $85.18. Because there was no trading between these prices, it appears as a blank space or ‘gap' on the chart (see below).Full story available on Benzinga.com

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