XSPA,Broke resistance , AlphaOverBeta Price Alert

Hello traders,
XpresSpa Group , Inc., a health and wellness services company, provides spa services and related products at airports. The company offers massage services for the neck, back, feet, and whole body; nail care, including pedicures, manicures, and polish changes; travel products, such as neck pillows, blankets, and massage tools; and cryotherapy services, compression services, and personal care services, as well as retail products.
As of April 6, 2020, it provided its services through 51 locations in 25 airports worldwide. The company was formerly known as FORM Holdings Corp. and changed its name to XpresSpa Group , Inc. in January 2018. XpresSpa Group , Inc. is headquartered in New York , New York .

Sector: Consumer Cyclical
Industry: Personal Services
Market Cap(M$): 97
52 Week High: 5.45$
52 Week Low: 0.05$
Forward PE: -3.48

Technical Analysis:
Analyzing the stock from a technical perspective, we have these conclusions:
The stock belongs to a weak sector which is related to tourism and flights but as the economies of the world are reopening, the stock may stage a bounce up,
The latest earnings report was good (missing the current coronavirus related quarter), and technically it broke resistance with high volume ,
We open a long position at the current market price with a stop loss of 12% down,

Trade Smartly,
Alon, AlphaOverBeta


Thanks for sharing your analysis.
Alon_AOB graceknudsen0103
@graceknudsen0103, Hope it's helpful
Alon_AOB TheRealReal41510
thank you for your analysis
Alon_AOB rcjhlou123
@rcjhlou123, Glad to be of assistance
rcjhlou123 Alon_AOB
@Alon_AOB, what are your thoughts on a sell price of $3.30? I feel like that's a good resistance line that I am seeing?
Alon_AOB rcjhlou123
@rcjhlou123, cheers
+1 Reply
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