Shares of The Trade Desk In (TTD) are falling sharply for the second day in a row. It looks like the party is over for this stock in the near-term and a correction is underway. Based on the Trade Desk stock chart analysis, the first major support for a buy is at $655.00. The current price is still just over $800/share. Investors should be patient and let these wild runners come in. A lot of money has accumulated these ‘hot stocks’ and the exodus can be nasty if the market corrects. While no market correction has started yet, investors and swing traders should be wary with valuations at current levels and interest rates nearing a 1% breakout on the 10 year yield. Remember, low interest rates have helped stocks soar so any reversal of that will take some hot air out of stocks like The Trade Desk. The Trade Desk stock chart analysis is clear, major support is at $655.00. Smart investors and traders will be patient for that level to hit and then buy.
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