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MANH Stock Price: Exploit the Bearish Trend Over Manhattan Associates

The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

Based on Stochastic analysis Manhattan Associates’ beaten down stock is approaching Oversold territory.
MANH is now a bargain and it is ripe for bottom fishing. It is also an ideal takeover target from a bigger software company like Oracle, SAP, and IBM.
Manhattan Associates continue to survive and flourish as an independent software company. It is a leader in custom software for supply chain management.
MANH has clear bearish technical indicators that bodes further decline for the stock. Waiting a little longer might give you a cheaper entry point.
Contrary to bearish technical indicators, I Know First’s Artificial Intelligence-powered stock picking algorithm gives very positive near and long-term market trend forecasts for MANH.