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Shares of nCino (NCNO) are trading lower in the after hours following its highly anticipated Q1 report. This stock has been of main interest in our forums among traders and our last written trade which was a buy at $65-66 and sell at $82. When the stock dropped to $50, some of our traders got the itch to buy again, and we believe that if this earnings report takes shares into the mid $50s, you can comfortably buy for a medium-term trade back to the $70-$80…
nCino: A Solid Trade
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