Could This Low Float Nasdaq Idea Become A Near Term Breakout Runner? 3 Potential Catalysts To Know
Full Report Arrives At 8:00PM EST Tonight Or 9:30AM EST Tomorrow
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A quick recap...
At the end of last week, I delivered a breakout idea right at Friday's opening bell in (OXBR).
Running from an open of $1.95 to a high of $2.412, OXBR delivered a solid intraday blast of approximately 23%.
Pair that with (INM), my alert from the previous week that ran approximately 61% short term, and what do you get?
Two separate breakout champs running approximately 84% combined.
Good stuff, but here's why March could end with a bang.
At 8:00PM EST tonight or 9:30AM EST tomorrow, I've got a new Nasdaq idea brimming with potential upside.
In fact, I've put together a little taste of what's to come by identifying 3 of the most important potential catalysts that could provide this profile with a breakout spark.
Check them out:
New Nasdaq Breakout Idea - The 3 Top Potential Catalysts
#1. Guess what? Like many of my previous breakout ideas, this is a low float profile.
Yahoo Finance is reporting a float of fewer than 15Mn shares which means the potential for volatility could be significant.
#2. Trading above 2 key lines of potential support going into this week, this profile was battling with its 200-Day Simple Moving Average Monday.
If potential resistance at that level breaks down this week, it could attract A TON of attention to this Nasdaq idea as it would be trading above 3 of the most important lines of support.
#3. On top of a promising chart, Barchart is also reporting this profile to have upwards of at least 8 triggered technical indicators across the short, medium, and long term heading into Tuesday's opening bell.
Could this be a major signal of things to come for this under-the-radar Nasdaq profile?
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