RingCentral stock is looking like a compelling long entry. The company has achieved annual sales growth of 36.9% per year for the last 5 years.
Synergy Research reports that the company’s flagship product, RingCentral Office, is ranked the highest by subscriber seats among all UCaaS vendors, growing at 53% year-over-year, which is 137% faster than its nearest competitor.
RNG is a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 35.54, a stop order could be placed below this zone.
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