(Nasdaq: SLE) Is A Low Float Breakout Idea With Must-See Chart Positioning (Watch-list This One Right Now)
This past Friday we identified a breakout idea needing immediate attention.
Brought to you at the opening bell, that NYSE American profile was targeted as a low float idea with explosive volatility potential.
Surging from an open of $.206, that breakout runner popped to a high of $.25 on the day.
That's an intraday run of approximately 21%.
But now it's time to turn to something new...
Uncovered recently, this Nasdaq breakout idea could become this week's most talked about profile.
Turn your attention right now to:
Super League Enterprise, Inc. (SLE)
Super League is a leading strategically-integrated publisher and creator of games and experiences across the world’s largest immersive digital platforms.
But here's what's "super" interesting...
SLE Is A Low Float Scenario (Volatility On Watch)
According to the Yahoo Finance website, SLE has a low float.
The website reports this profile to have approximately 3.5Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
Could SLE's low float create the potential for a major breakout spark near term?
Key Chart Positioning Right Now
Not only does SLE have a low float, its current chart positioning is must-know material.
Going into today's opening bell, SLE was trading above 2 important technical chart lines in its:
- 50-Day Simple Moving Average (SMA)
- 13-Day Exponential Moving Average (EMA)
If support continues to grow at those key levels, there may be a ton of vertical room to move before SLE runs into resistance as its 200-Day SMA is currently above $7.00.
That's triple-digit upside potential from SLE's closing valuation Monday.
Now, that's not to say that SLE is going to return to any previous high, but the massive potential upside is too great to ignore.
Coverage is officially initiated on SLE. When time allows, do this: