![]() ![]() That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. ![]() ![]() On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. WISH Stock: What Investors Are Saying About ContextLogic as It Becomes a Meme Stock Favorite.Blockchain Stocks: Why MARA, SOS, RIOT, HVBTF Stocks Are Down Today.5 Penny Stocks Making the Biggest Moves Today.Take a look at all of that information by following the links below! More Monday Stock Market News We’ve got stories covering the top five penny stocks on the move today, why blockchain stocks are taking a beating, and plenty of other news worth looking into. offers incredibly in-depth daily coverage of the stock market and today is no different. Of course, there’s plenty more stock market news worth looking into today besides just this. TRCH stock was up 42.3% as of noon Monday and is up 1,152.1% since the start of the year. That’s a massive surge in activity compared to its daily average trading volume of about 16 million shares.As of this writing, more than 225 million shares of TRCH stock have changed hands.Those predictions are coming true as the company is seeing incredibly heavy trading of its shares today.It’s also worth pointing out that TRCH stock was talked about as a potential short squeeze target over the weekend.It’s set to be paid out to investors in TRCH stock on June 25.Luckily, they won’t have to wait long for the merger dividend.That’s a massive range for the special merger dividend that investors will have to hold out for.However, analysts are expecting to range from anywhere between $1 per share and $20 per share.Investors that are wondering how much the dividend will payout still don’t have any concrete details.They will also have to continue to hold those shares through June 24 to be eligible for the dividend.Starting off, it’s worth noting that investors will have to be on record as holding TRCH stock starting on June 22.Bears would also like to see the stock fall below the moving averages for a possible trend change.Here’s everything investors need to know about the merger and what kind of dividend holders of TRCH stock can expect. Bulls would then like to see the stock start moving up again and watch the pattern break above the highs formed by the cup.īearish technical traders would like to see the stock fall and form the handle, but instead of rising back up, they would like to see the stock continue to fall. This means there are many more buyers than sellers in the stock.īullish technical traders would like to see the stock take a slight pullback and form the handle on the chart. The RSI is sitting at 87, which is well into the overbought range that starts at 80 and goes up to 100. The Relative Strength Index (RSI) shows that the stock has entered well into the overbought area.If the stock can get back above the highs after forming a handle, it could see a breakout. The cup and handle forms after the stock makes a high and falls for a while, but eventually comes back to that high forming a cup on the chart. ![]() A cup pattern is considered a bullish continuation pattern and may form a handle before the it's over.Each of these moving averages may hold as an area of support in the future.The stock is trading above both the 50-day moving average (green), and the 200-day moving average (blue), indicating sentiment in the stock is bullish.Shares may be forming into what technical traders would call a cup and handle pattern the stock has formed the cup of the pattern, but not the handle. ![]()
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