NRPICKS_

Buy $GSAT- NRPicks 21 Mar

Long
AMEX:GSAT   Globalstar, Inc
Globalstar , Inc. offers mobile satellite services worldwide. The company offers two-way voice and data duplex products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational use, security, preparation and emergency response.

The company in its last earnings report filed losses less than expected of $0.0132 and quarterly revenue of 33.17M.

The most significant development for Globalstar in recent weeks was Qualcomm Technologies' announcement of its Snapdragon modem-RF system, with Qualcomm Technologies' 5G band support, the potential device ecosystem expands significantly to include a large number of industrial and consumer devices.

- Market Cap 2.6B
- Average Volume 26M

Technical:
- MACD Level (12, 26) 0.19
- Average RSI levels
- Bounce in MA50
- Support at $1.50
Trade closed: stop reached: 23 Mar

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