Viant Technology (DSP) has gotten hammered during this year of its IPO launch (79% drop YTD!), but indicators are suggesting that we may be about to head back up in quick fashion. Number one: this programmatic advertising company is very popular among current and former staff, as Glassdoor.com indicates 92% of those folks would recommend working there to a friend and 95% approve of Viant’s CEO. Number two: Viant announced today they have added Vivian Yang to their board of directors. She has twenty years of industry experience and most recently (and importantly) served as Trade Desk’s (TTD) Chief Legal Officer. That’s a heavy hitter joining the board who can help shepherd this company from its current small cap status to the next level. Number three: Chaikin Money Flow (CMF) looks super promising, where the bar is heading up as is the Relative Strength Index (RSI). This reveals that the institutions are loading the boat, which normally is a harbinger for the stock price going up.
“Victorious warriors win first and then go to war, while defeated warriors go to war first and then seek to win.” -Sun Tzu