WsbGlobalTeam

Trading-Leaks 155: Remark Holdings Inc (MARK) > Long 16,80$

Long
NASDAQ:MARK   None
Here's the deal that has Remark investors excited Wednesday.
Shares of Remark Holdings ( NASDAQ:MARK ), a developer of artificial intelligence (AI) solutions and digital media for businesses and organizations, jumped as much as 24% higher Wednesday after the company was named the exclusive marketing partner for SuperDraft.
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- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that MARK is one of the better performing stocks in the market, outperforming 98% of all stocks.
- MARK is one of the better performing stocks in the Communications Services, Not Elsewhere industry, it outperforms 92% of 13 stocks in the same industry.
- MARK is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month MARK has a been trading in the 1.88 - 4.72 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- MARK has an average volume of 5053620. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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Targets :
TP01 = 6,87000
TP02 = 10,18000
TP03 = 13,49000
TP04 = 16,80000
SL = 0,25000
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Risk/Reward Ratio : 4
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Dates of selling or buying a stock:
22/02/2021
18/03/2021
09/04/2021
04/05/2021
28/05/2021
21/06/2021
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