AlTorress

FUV a quarterly gainer, rising +380.87%. Expect Uptrend reversal

Long
NASDAQ:FUV   None
Arcimoto (FUV, $5.53) was one of top quarterly gainers, jumping +380.87% to $5.53 per share.Tickeron A.I.dvisor analyzed 16 stocks in the Motor Vehicles Industry over the last three months, and discovered that 16 of them (100%) charted an Uptrend while none of them (0%) trended down. Tickeron A.I.dvisor found 125 similar cases when FUV's price went up 15% within three months. In 122 out of those 125 cases, FUV's price went down during the following month. Based on these historical data,Tickeron A.I. thinks the odds of an Uptrend reversal for FUV are 90%.

FUV in Uptrend: 50-day Moving Average crossed above 200-day Moving Average on June 10, 2020
A buy signal is indicated by this change in price, due to the trend repositioning higher. In 2 of 2 cases where FUV's 50-day Moving Average crossed above its 200-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 90%.
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