Nearing A New High Of Day, Low Float Nasdaq Profile (TRKA) Requires Your Full Focus Today
TRKA continues to trend green and could be nearing a new high of day.
Closing in on $3.00, could we see an 11 o'clock breakout in the making?
In case you missed it, here's the company's major press release today: Troika Media Group and Stampede Ventures Support Dole's Partnership with Mixed-media Artist Datuna for a New NFT Series to Help Fight Global Hunger
Remember, this is a low float idea which means that volatility can take grip at any moment if significant interest takes places on this Nasdaq idea.
And, as I mentioned earlier, this profile is now trading above its 5-Day Simple Moving Average which signals a trend in the right direction.
If you haven't done so yet, read my initial TRKA report below and get it on your radar now.
The market is officially open, so let's dive in quickly.
This past Friday, I delivered Nasdaq profile (ALF) to your attention right at the closing bell ($3.43).
When Monday came around, it climbed to a high of $3.97.
That $.50+ move turned into an approximate surge of 15% in the blink of an eye.
Before that, (ALID) opened at $.81 last Tuesday before hitting a high of $1.20 on Wednesday.
That move turned ALID into an approximate 34% short term champ.
Now, It's Time To Turn To A New Nasdaq Breakout Idea
For Thursday, May 20th, there is only one profile to have on your radar:
Troika Media Group, Inc. (TRKA)
Troika Media Group is a brand identity and communications agency that provides integrated branding and advertising solutions for global brands, primarily in entertainment and sports. Applying emerging technology, data science, and world-class creative, the company help brands deepen engagement with audiences and fans throughout the consumer journey.
And right now, there are four MAJOR reasons to get TRKA pulled up quickly.
No. 1 Potential Driver Indicator - Launching Of A New Division
TMG Launches New Division to Provide Data Intelligence Services Across Client Base
LOS ANGELES, CA, May 17, 2021 (GLOBE NEWSWIRE) -- via NewsMediaWire ‒ Troika Media Group, Inc. (Nasdaq: TRKA) ("TMG" or "Company"), a brand consultancy and marketing innovations company that provides integrated branding and marketing solutions for global brands, today announced the launch of Troika Labs, a new division with the primary mission to leverage its expansive data and content creation capabilities to provide a fully integrated digital and creative offering to clients on a global scale.
Read the full article here.
No. 2 Potential Driver Indicator - Huge League of Legends Related News
Troika and Devlin Design Group Partner With the LCS to Launch Their New Broadcast Design
Los Angeles, CA, April 28, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Troika Media Group, Inc. (NASDAQ: TRKA) ("TMG" or "Company"), a brand identity and communications agency that provides integrated branding and advertising solutions for global brands, primarily in entertainment and sports, today announced it has teamed up with Devlin Design Group to create the new broadcast experience for the League Championship Series (LCS). The LCS is North America's largest professional esports league in the world's most watched esport, League of Legends.
Read the full article here.
No. 3 Potential Driver Indicator - Company Just Listed To The Nasdaq
Troika Media Group, Inc. Announces Closing of Initial Public Offering
The Company’s common sto-ck and warrants are listed for trading on the Nasdaq Capital Market under the ticker symbol “TRKA” and “TRKAW”, respectively. Each warrant is exercisable for one share of common sto-ck at an exercise price of $4.98 per share and will expire five years from issuance.
Read the full article here.
Why Is This Important?
Listing news could be a major driver indicator!
This move to the Nasdaq could be significant as a possible turning point for the company in the near future.
A Nasdaq listing should point to a company moving in the right direction. Tt could start drawing interest from parties that may not have known its name and operations before this decision.
According to Investopedia, "To date, companies listed on the NASDAQ are seen as more growth-oriented, which means more volatility to go along with increased upside potential."
No. 4 Potential Driver Indicator - TRKA's Low Float
According to Yahoo Finance, TRKA has a low float.
The website reports this profile to have 10.13Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
With so few shares available for trading, potential driver indicators can send shares heading vertical in the short-term.
Troika's Impressive Track Record
Throughout the past several years, the company has partnered with some of the biggest names out there: Apple, CBS, AT&T, Comcast, CNN, HBO, Hulu, ABC, ESPN, IMAX, Net-flix, Oath, Riot Games, Sony, Turner and UFC.
The CBS team partnered with Troika to up the game on their prime time election coverage and data visualization, with a re-imagined brand experience that began with a 2020 Elections Package.
It needed to convey a sense of importance and gravitas and feel fresh and modern in order to appeal to the younger segment. It needed to be scalable in order to create a complete experience on-air, online, on mobile, in live studio sets and through environmental design. It had to reinforce CBS News branding, and the design had to have longevity beyond the 2020 election cycle.
The company's Big Idea was to create an environment that surrounded the viewer -where different segments of the broadcast could live, with different surfaces on which information graphics could be displayed, all bringing visual interest, variety, and flexibility to the package.