US Stock In Play: $MDB (MongoDB Inc)

MDB broken out of a double bottom chart pattern from $325, general trend resumption price action behavior, rallying +17.36% within a week. MDB is currently close at $380, its 3 months high.

With MDB current implied volatility remaining 40% away from its peak of $26/day that was set in March 2021, MDB remains in traction to recapture its all time high of $428 at its current price action momentum that is defying general market weaknesses.

MDB provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB. It also provides professional services, such as consulting and training.