Shares of Arcimoto $FUV have been getting attention from several social media influencers as they rise in this bullish wedge formation.
We are watching for a potential breakout as the wedge pattern plays out.
Arcimoto makes affordable, ultra efficient, small-footprint electric vehicles.
Arcimoto's outsize gains began in the days following its first-quarter financial report for the period ended March 31.
But the stock also got a boost with the announcement that it will be joining the Russell 2000 and Russell 3000 stock market indexes with their annual reconstitution starting next week.
We are watching for a potential breakout as the wedge pattern plays out.
Arcimoto makes affordable, ultra efficient, small-footprint electric vehicles.
Arcimoto's outsize gains began in the days following its first-quarter financial report for the period ended March 31.
But the stock also got a boost with the announcement that it will be joining the Russell 2000 and Russell 3000 stock market indexes with their annual reconstitution starting next week.