Complete Update For Friday On Low Float Nasdaq Profile (NISN)
NISN has now had a solid two day stretch while closing in the green each session.
From an open of $11.50 Wednesday, NISN has now climbed all the way to a high of $12.16 Thursday for an approximate $.66 surge.
The best part was that NISN closed above $12.00 which means potential support could be building at that level.
Could a continued push be in the cards for the days ahead? One key reason why that may be is because of the extra attention NISN should receive for the major press release they dropped yesterday.
Here it is: Nisun International Announces Strategic Collaboration with Retail Chain Giant Beijing Digital Telecom to Jointly Develop Supply Chain Services in Retail Industry
After the news dropped, NISN was comfortably trading above its 5-Day, 20-Day, and 50-Day Simple Moving Averages at close Thursday.
Remember, this profile has a 52-week high over $24.00. A partial return towards those previous highs could result in a double-digit move.
Get NISN on your radar now if you don't already have it. Plus, read my initial report below as soon as you can.
The opening bell just rang, so let's dive in quickly...
Last month, I brought this profile to your attention and watched as it ran approximately $1.25 from the open on 6/7 to the high on 6/8.
Now, I want you to get this Nasdaq profile back on your radar due to several potential catalysts
What kind of catalysts? Well, let's just say, huge collaboration news this week, a low float, and a chart displaying major growth potential is just the tip of the iceberg.
That's why for today, July 21st, there is only one Nasdaq profile to have on your radar:
Nisun International Enterprise Development Group Co., Ltd (Nasdaq: NISN)
Nisun International Enterprise Development Group Co., Ltd is a technology-driven, integrated supply chain solutions provider focused on transforming the corporate finance industry. Leveraging its industry experience, Nisun is dedicated to providing professional supply chain solutions to Chinese and foreign enterprises and fin-an-cial institutions.
And, because of a handful of potential breakout catalysts, NISN requires your immediate attention today.
Your #1 NISN Potential Breakout Catalyst - Low Float
According to Yahoo Finance, NISN has a small float.
The website reports this profile to have approximately 8.51Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
With so few shares available for trading, potential driver indicators can send shares heading vertical in the short-term.
Your #2 NISN Potential Breakout Catalyst - More Huge Collaboration News This Week
Nisun International Announces Strategic Collaboration with Zhongneng Shanhua Energy to Jointly Develop Supply Chain Services in the Energy Industry
SHANGHAI, July 20, 2021 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd ("Nisun" or the "Company") (Nasdaq: NISN), a provider of innovative comprehensive solutions through an integration of technology, industry, and finance, today announced Fanlunke Supply Chain Management (Shanghai) Co., Ltd, a controlled affiliate of the Company, has entered into a strategic collaboration agreement with Shanxi Zhongneng Shanhua Energy Co., Ltd ("Zhongneng Shanhua"), a subsidiary of Shanxi Energy Group Co., Ltd. Pursuant to the agreement, the two parties will enter a joint cooperation to develop supply chain services targeting the coal industry.
Under this cooperation, Nisun will leverage its expertise in supply chain management to build an efficient, reliable and credible digital supply chain system for Zhongneng Shanhua, using innovative technologies such as blockchain and big data algorithms. This newly developed system is expected to accelerate the digital transformation of Zhongneng Shanhua's upstream and downstream supply chain. Through this partnership, Nisun will promote the integration of its supply chain services and expand its customer base in the energy industry while improving client experiences through the energy technological expertise of Zhongneng Shanhua.
Read the full article here.
Your #3 NISN Potential Breakout Catalyst - Major Vertical Surge Chart History
Take a moment and check out NISN's 1-Year chart: