Shopify is a SaaS
company providing eCommerce solutions to businesses of all sizes. They allow retailers to set up websites for fractions of what it cost to build a full blown eCommerce platform from the ground up. The company is showing explosive revenue growth due to the proliferation of online retailing and the ability
to provide a better and cheaper solution to many of its customers. The stock recently went through a period of consolidation from mid September until now after Andrew Left made it a short target of his. The recent breakout was on above average volume
. Watch for the stock to continue to rise, but be quick to exit if it closes below the breakout line shown on the chart. Updates to come...