Nasdaq Idea (UNAM) Could Be Nearing Breakout Territory (Up Approx. 43%)
Are you still watching?
UNAM just popped again during lunch to $1.63+ and is now up approximately 43% from Tuesday's close.
Could this afternoon surge trigger another potential vertical breakout today or near term?
After battling with potential resistance around $1.59 for a good portion of the day, that level could be in the rearview mirror.
Take a moment now to get UNAM back on your radar before today's close.
Let's get to this quickly.
This Nasdaq profile is completely off everybody's radar and could become the cherry on top of a huge 2022 that saw us deliver breakout idea after breakout idea.
Now, here's why you need to pay attention closely to this profile.
It is a low float idea.
In fact, Yahoo Finance is reporting a float of approximately 1.89Mn shares.
That means the potential for volatility on a daily basis cannot be underestimated.
Ready to find out who I'm talking about? Good!
Right now, get *Unico American Corporation (UNAM)* on your radar. Here's why...
UNAM has a history of strong, short term breakouts littered all over its 1-year chart.
But none more impressive than what happened to it in August of this year.
Opening up August 5th at $1.80, UNAM surged to an intraday high of $2.97+.
UNAM's $1.00+ move resulted in it blazing a path of 65% intraday.
That's 65% in just one day!
So how was that possible? One major reason: it's low float.
As I mentioned above, UNAM has a float of approximately 1.89Mn shares (according to Yahoo Finance). That is incredibly small.
With floats of this size, the potential volatility that can present itself can sometimes be off the charts and provide the possibility for quick vertical moves.
UNAM Company Info
Unico American Corporation, an Ins holding company, underwrites property and casualty Ins in Arizona, California, Nevada, Oregon, and Washington.
Full Company Description Found Here.
The clock is officially ticking. Don't waste another second to get UNAM on your radar now.
If there are any updates today, I'll have them out quickly.