This Low Float Nasdaq Idea Has Multiple Bullish Technicals Signaling Short-term Breakout Potential
New Report Arrives 9:30AM EST Thursday
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Let me cut to the chase...
I've uncovered a new Nasdaq idea that displays serious breakout potential due to multiple potential catalysts.
Your full report arrives Thursday at 9:30AM EST.
Here are a few details to know ahead of time regarding the company's sector:
According to a report in Valuates Reports, in 2019, the Global Digital Content Market size was $167.3Bn and is expected to reach $397.3Bn by the end of 2026, with a CAGR of 13% during forecast 2021-2026.
Major factors driving the growth of the digital content market size are, increase in the number of smart connected devices, growing digital transformation across end-user industries and increasing connection speeds.
Even further, Research and Markets reports the digital content market is poised to grow by $519.83Bn during 2020-2024 progressing at a CAGR of 15% during the forecast period.
With these figures growing at such rates, this company could be in one of the hotter markets around.
Top 3 Potential Catalysts For Your New Nasdaq Idea
#1. This is a low float profile. According to Yahoo Finance, there are fewer than 5Mn shares in its float which means volatility may be in the cards.
#2. Multiple short-term technicals have been triggered as bullish according to Barchart's website. Is this signaling a vertical move coming shortly?
#3. Last month, there was significant insider buying which may mean those insiders believe that this profile is currently undervalued.
Now, before you do anything else, do this: