Blink Charging Co.’s stock trades under the ticker BLNK & has recently shown excellent technical strength, making it a prime candidate for a short to mid-term trade.
BLNK Stock closed at $22.67/share on 11/20/2020, after impeccable performance from 11/16/2020 onward.
BLNK Stock Price: $22.67
10 Day Moving-Average: $13.12
50 Day Moving-Average: $9.76
200 Day Moving-Average: $5.54
RSI: 87
While BLNK stock’s RSI is awfully high, there is still room for them to run, although there will likely be some form of a pullback before the common shares look to be priced at a good deal.
For anyone trading the common shares, I would be closely eyeing the charts if I dove in before seeing that RSI drop a bit more/prices correct and even out into a range.
For traders interested in BLNK options, the $22.50 or $25 calls are where I am looking, especially given their pre-market strength (+14% more as I write this).
*** I DO NOT OWN SHARES OF BLNK STOCK ***