Breakout Stocks of Week 12 @ OTCMKTS
NASDAQ was down last week (week 11) by -0.696% ending at 15,973.17 points after falling -111.94 points during the week. Our system has detected some possible breakout stocks for the following week and these should be on your watchlist. These are the stocks that are bouncing up with good increase in volume and are likely to do good in short term. One of these stocks are SurgePays, Inc. OTCMKTS:SURG. This stock has had a buy signal since Mar 04, 2024 when the price was $7.18 , but have so far fallen -35.58% to $4.63. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 12 |
|---|---|---|---|
| Surgepays, Inc. | $4.63 | $4.55 | -1.62% |
The SurgePays, Inc. stock price gained 1.09% on the last trading day (Friday, 15th Mar 2024), rising from $4.58 to $4.63. During the last trading day the stock fluctuated 5.33% from a day low at $4.50 to a day high of $4.74. The price has fallen in 6 of the last 10 days and is down by -39.14% for this period. Volume fell on the last day by -797 thousand shares and in total, 577 thousand shares were bought and sold for approximately $2.67 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
On Apr 01, 2024, it was reported that Ascendiant gave SURG a "Buy" grade with a "hold" action.
The SurgePays, Inc. stock holds several negative signals and despite the positive trend, we believe SurgePays, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
About SurgePays, Inc.:
SurgePays, Inc., a financial technology and telecommunications company, provides services to the underbanked community in the United States. Its blockchain platform utilizes a suite of financial and prepaid products to convert corner stores and bodegas into tech-hubs for underbanked neighborhoods. The company offers voice and SMS text messaging services to subsidized and direct retail prepaid customers, as well as to low-income consumers. It also offers subsidized mobile broadband services to consumers in California, Colorado, Florida, Illinois, Maryland, Mississippi, Missouri, Nevada, New Jersey, Ohio, Oklahoma, Rhode Island, Tennessee, and Texas, as well as prepaid wireless plans. In addition, the company provides marketing business intelligence, plaintiff generation, and case load management solutions primarily to law firms in the mass tort industry. Further, it operates a bilingual operations center offering the Company with sales support, customer service, IT infrastructure design, graphic media, database programming, software development, revenue assurance, lead generation, and other various operational support services. The company is headquartered in Bartlett, Tennessee.
Despite these candidates are looking good from a technical perspective they may not perform as expected. You should always be cautious when trading and base your decisions on more than one source of information. This does not constitute an offer or recommendation to buy or sell securities.
