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Why Atlassian Finished August Up 13%

TheMotleyFool

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Shares of Atlassian (NASDAQ: TEAM) were moving higher last month, gaining 13%, according to data from S&P Global Market Intelligence. The maker of enterprise cloud software benefited due to momentum from a strong earnings report at the end of July and from an analyst endorsement at the end of August.

As you can see from the chart below, the stock gain was headed higher over the second half of the month.