After years of struggling to gain traction, with numerous false starts and subsequent corrections, MongoDB (NASDAQ: MDB) has finally turned the tide. The stock price drifted lower in late spring, touched its long-term 150-week exponential moving average, and has been surging ever since. The takeaway: long-term buy-and-hold investors, short-term traders, and speculators are gobbling up shares.
Analysts' activity reflects a bullish market posture, with an aggressive series of forecast revisions since the late-May release. These revisions strengthen the consensus and are leading this market to fresh highs.
