BREAKOUT STOCK ALERT RMO - Romeo Power, Inc. Class A Common Stock Initial Alert Price: $18.53 Potential Price: $23.15 Potential Gains: 24.93 Stop Loss Limit: $
RMO is showing signals of retesting the $23.15 Levels of Resistance for a +20% Swing Trade after completing a consolidation pullback and indicating signs of a reversal. The company was founded by Tesla, SpaceX, Amazon and Samsung to focus on manufacturing commercial car vehicle batteries and we see this being a sleeper in the new White House Administration Initiative to replace all Government Vehicles with EVs. The company recently announced that it will be teaming up with Republic Services to develop Battery Technology on Jan. 28th, 2021
From a Fundamental and Long-Term Future Outlook, the company has see 100.12% EPS Growth YoY, so even holding this longer-term would be a great idea. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today