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  • Writer's pictureT. Livingston

SPCE Approaching The 200-Day Moving Average

Virgin Galactic, $SPCE, is oversold and approaching its 200-day moving average. Earnings were announced earlier in August and SPCE has since declined. However, if it can bounce strongly off the 200-day moving average on volume, it could have the potential for a large move higher. Oversold with the 200-day moving average below often offers a good risk to reward. If the stock bounces-great. If the stock loses support, you can exit quickly for a small loss. SPCE is a stock that is worth watching over the coming weeks.

Full Disclosure: SPCE is a stock I currently own.

Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.


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