Why Are Shopify Shares Surging On Friday? - Shopify (NASDAQ:SHOP)

Shopify Inc. (NASDAQ:SHOP) shares are trading higher on Friday. The Nasdaq is up 0.74% while the S&P 500 has gained 0.42%, and Technology is also in the green, helping support the move.On Feb. 11, Shopify fiscal fourth-quarter revenue of $3.67 billion, marking a 30.6% increase year over year and topping the $3.59 billion analyst consensus estimate. However, the e-commerce platform reported adjusted earnings of 48 cents per share, below the expected 51 cents.Technical AnalysisShopify is trading about 4% abov ...