Is it Time to Dump Blackline Inc (BL) Stock After it Has Gained 12.51% in a Week?

Blackline Inc (BL) stock is up 12.51% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Blackline Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on BL!

See Full BL Report

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With BL Stock Today?

Blackline Inc (BL) stock has gained 2.54% while the S&P 500 has fallen -0.25% as of 1:02 PM on Wednesday, Sep 8. BL has gained $3.04 from the previous closing price of $119.71 on volume of 351,520 shares. Over the past year the S&P 500 is up 35.32% while BL has gained 54.36%. BL lost -$1.56 per share in the over the last 12 months. To screen for more stocks like Blackline Inc click here.

More About Blackline Inc

BlackLine is a provider of financial and accounting software. The company's products, which help support and automate accounting and financial workflows, include financial close, account reconciliation, intercompany accounting, and control assurance. BlackLine's software seeks to improve the dependability of its clients' financial reporting. BlackLine was founded in 2001 and is headquartered in Los Angeles. Click Here to get the full Stock Report for Blackline Inc stock.