Finally back in the gap on AMEX:GOED with strong volume to start the week. New coverage from ThinkEquity puts a Buy and $12 target on the stock. I think now it comes down to continuation and follow-through. Secular trends will likely start playing a bigger role if or when it breaks back through this gap.
"Q2 has been a strong quarter for 1847 Goedeker. Since May, GOED has seen record growth in its revenue. Up over 41%, it has increased written orders by over $28 million which is no small feat. It is currently one of the leaders in the online retail industry for online household appliances. With acquisitions underway as well as a plan to implement new shipping strategies, Goedeker is an exciting penny stock to watch."
Quote Source: 7 Top Penny Stocks to Watch Right Now With Big News
"Q2 has been a strong quarter for 1847 Goedeker. Since May, GOED has seen record growth in its revenue. Up over 41%, it has increased written orders by over $28 million which is no small feat. It is currently one of the leaders in the online retail industry for online household appliances. With acquisitions underway as well as a plan to implement new shipping strategies, Goedeker is an exciting penny stock to watch."
Quote Source: 7 Top Penny Stocks to Watch Right Now With Big News