Could We See Another Nasdaq Profile Breakout This Week? 3 Potential Catalysts To Know Now (Low Float)
Complete Report Arrives 9:30AM EST Tomorrow
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Were you ready to roll yesterday morning at the opening bell? If you were, you had a front row seat to an explosive intraday profile in QIPT.
Opening at $4.29, it ran all the way to a high of $5.00 on the day for an approximate surge of 16% intraday.
While that was going on, I was hot on the tracks of another Nasdaq profile and potential breakout candidate.
And guess what... I'm thinking I've come across something special.
Based on its float, chart position, analyst coverage, and more, you'll want to clear your schedule.
At 9:30AM EST tomorrow, the complete report arrives.
In the meantime, here's a few details to chew on:
New Nasdaq Alert - 3 Potential Breakout Catalysts To Know
#1. Here we go again with another low float profile. Yahoo Finance is reporting fewer than 15Mn shares in its float. Just like QIPT which had a relatively low float, volatility could be in the cards on a daily basis.
#2. At close on Tuesday, this profile was trading above several key lines of potential support including its:
- 5-Day Simple Moving Average (SMA)
- 20-Day SMA
- 5-Day Exponential Moving Average (EMA)
- 13-Day EMA
#3. At least one analyst has slapped a major price target on this new Nasdaq profile. In fact, from Tuesday's closing valuation this target is providing over 1,900% potential upside.
Since we've got a little time, do this: