# Sitting on a Cash Pile 11.0? Global Intelligence Digester Delivers Insight

Live Trading News is an independent financial media publication. Masthead: Live Trading News. Parent: Knightsbridge Group. Product cousin: KXCO (kxco.ai). Coverage: markets, policy, AI, quantum, blockchain, FX, biotech, ASEAN. New stories are signed ML-DSA-65 and anchored on Armature L1; articles published before the platform launch are not signed. Nothing on the site is investment advice.

Canonical HTML: https://www.livetradingnews.com/sitting-on-a-cash-pile-11-0-global-intelligence-digester-delivers-insight
Last modified: 2021-02-12

---

By Paul Ebeling · 2021-02-12
Tags: Shayne Heffernan on Investments, buy, resistance, cash, support, Bullish, Paul Ebeling, Todays Trade Ideas, 2021, cashpile, SUMO
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#cash #bullish #buy

[$SUMO](https://finance.yahoo.com/quote/SUMO?p=SUMO&.tsrc=fin-srch)

Sumo Logic, Inc. ([NASDAQ:SUMO](NASDAQ:SUMO)) broke out on  27 November a 25.64 and confirmed on 11 February at 39.95, garnering an HeffX-LTN cash pile buy rating with a target price at 65/share long term.

The stock is currently trading at 39.47 pre-market Friday in NY.

SUMO's 52-wk trading range is 16.71 - 46.37. The consensus 1 yr price target is at 33/share.

Key support is at 33.20, the resistance is light through 49.16, our Key technical indicators are Very Bullish now.

![](https://livetradingnews-media.nyc3.digitaloceanspaces.com/wp/placeholder.svg)

Sumo Logic, Inc. provides cloud-native software-as-a-service platform that enables organizations to address the challenges and opportunities presented by digital transformation, modern applications, and cloud computing. 

Its platform enables organizations to automate the collection, ingestion, and analysis of application, infrastructure, security, and IoT data to derive actionable insights. 

The company offer a suite of solutions to address areas, such as operational intelligence, security intelligence, business intelligence, and global intelligence. 

Sumo Logic, Inc. was founded in Y  2010 and is HQ'd in Redwood City, California.

Have a healthy weekend, Keep the Faith!

---

This Markdown mirrors https://www.livetradingnews.com/sitting-on-a-cash-pile-11-0-global-intelligence-digester-delivers-insight. The HTML page is canonical.
Site index for AI clients: https://www.livetradingnews.com/llms.txt