Niche Software Provider Sets up Bullish Flag with Calls in Open Interest
Procore Technologies (PCOR) shares of the niche software provider are coiling tightly and ready to run as it hits the bullish MACD cross scan and held the recent dip to the rising 55-day MA near 74. PCOR closed back above its 21 EMA and inside the monthly value is now likely to rotate higher to test the upper edge of value near 82 with the bigger VPOC target at 87.50. PCOR still has some massive bullish open interest in February expiration with over 10,000 each of the Feb $82.50 and $85 calls bought late last month as well as 5000x of the Feb $90 calls holding and likely playing for earnings due in mid-February.