Rapid7 Doubles As Elliott Wave Setup Bears Fruit

We first wrote about Rapid7 in late-August 2019. The stock was hovering above $55.50, but the structure of the post-2016 uptrend suggested a notable decline was in progress. In March 2020, it fell to $31.34, down 52.5% from its all-time high. A month later, with RPD still below $47, we shared our bullish stance on…

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Rapid7 ‘s Rapid Decline Plants the Seeds of a Rally

Eight months ago we made a case that Rapid7 investors should not expect the future to resemble the past. The stock was up 492% since February 2016 and was hovering above $53.50 in August, 2019. Without a doubt, the cyber-security industry was and still is enjoying a strong tailwind. However, Rapid7’s daily chart revealed a…

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Rapid7 Stock is Prone to Decline… Maybe Rapidly

Rapid7 stock appreciated by over 630% between February 2016 and July 2019. The price climbed from $9.05 to $66.01 in less than four years on the back of strong secular growth in the cyber security industry. However, Rapid7 hasn’t been able to capitalize on the vast opportunities in the space. The company posted annual losses…

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