S&P 500 Newcomer Boasting Ample Technical Support

GoDaddy Inc (NYSE:GDDY) stock is trading at all-time highs after joining the S&P 500 Index (SPX) last month, and recently bounced off the $140 level following a late-June breakout. That level is also seven times the equity’s initial public offering (IPO) price and coincides with its 20-day moving average, with shares now behaving in a similar way as they did in April. Short interest increased 50% from February to the first half of June, before a small dip in the second half. Nevertheless, the security has r ...