TradingMula

GSAT Awaits FCC Decision

Long
AMEX:GSAT   Globalstar, Inc.
GSAT is valued by its satellite spectrum. I first found this company after reading news that Amazon was interested in their satellites. Next, I find GSAT is waiting for an FCC decision on their technology. This is an important event because it will open up many opportunities for GSAT. On top of this good news, I learn GSAT will be up-listed to NYSE and added to the Russell 3000. At this point, we see support at $3.40 and resistance at $4.40.

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