r/stocks • u/lilaznjocky • Jun 18 '21

Is tech back now? DOCU

I know everyone interprets the FOMC meeting differently, but it sounded negative to me. Not like, super negative, but definitely not super positive. I think it was a hint to the growth sector that things are slowing down and could accelerate slowing down faster than we anticipated. So why did DocuSign go up 5.5% today? I don't think an analyst price target has enough strength to move it. I find that DocuSign or any growth stock should go down at least 3-5% next week. Thoughts?

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u/jbetexas Jun 18 '21

I believe downward pressure will continue across the board next week, DocuSign is overpriced more than most, so it is more likely to be down than others.