Hi everyone.
On 28/11/2022, our system had provided a few picks and the results are as below:
FREY – (Buy) – Profit
W – (Sell) – Profit
SBLK – (Buy) – Stop Loss
ARRY – (Buy) – Withdrawn
The Dow lost more than 400 points on Monday, and the S&P 500 and Nasdaq were down over 1% each as investors grew worried about the prospects of a global recession.
Let’s review our stock picks on Monday.
Call for buy for FREY which resulted in a profit. Our system entered the market at $13.83 and made a call to profit at $13.97. Two other calls for FREY resulted in losses.
FREYR Battery engages in the production and sale of battery cells for stationary energy storage, electric mobility, and marine applications in Europe and internationally. The company designs and manufactures lithium-ion based battery cell facilities. The company was founded in 2018 and is based in Luxembourg.
Call for sell for W which resulted in a profit. Our system entered the market at $32.55 and made a call to profit at $32.
Wayfair Inc. engages in the e-commerce business in the United States and internationally. The company provides approximately thirty-three million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands.
Call for buy for SBLK which resulted in a loss. Our system entered the market at $20.91 and hit our stop loss at $20.41.
Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. The company’s vessels transport a range of major bulks, including iron ores, coal, and grains, as well as minor bulks, such as bauxite, fertilizers, and steel products. As of December 31, 2021, it had a fleet of 128 vessels with an aggregate capacity of approximately 14.1 million deadweight tons, including 17 Newcastlemax, 24 Capesize, 7 Post Panamax, 41 Kamsarmax, 2 Panamax, 20 Ultramax, and 17 Supramax vessels.
Call for buy for ARRY which was withdrawn. Our system withdrew because the price opened with a gap below our EP before the stock moved downwards throughout the market.
Array Technologies, Inc. manufactures and supplies solar tracking systems and related products in the United States and internationally. Its products include DuraTrack HZ v3, a single-axis solar tracking system; and SmarTrack, a machine learning software that is used to identify the optimal position for a solar array in real time to increase energy production.
Stay tuned for more of our stock picks.
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