Innodata Inc. stock trades under the ticker INOD & closed at $5.38/share on 12/2/2020.
After a very strong November, INOD looks to have some opportunity for short-to-mid-term traders to capitalize on as we begin December.
INOD Stock Price: $5.38
10 Day Moving-Average: $4.35
50 Day Moving-Average: $3.22
200 Day Moving-Average: $1.83
RSI: 78
While INOD’s RSI will need to cool off a bit (signaling an overbought tendency at 78), traders still have room to capitalize on its upwards momentum.
INOD also has options, where traders should be looking at the $5 calls, and if feeling aggressive pursue the $7.50 calls.
The pre-market pricing on the $7.50 calls is insanely cheap, but you’ll be betting on no market forces dragging them down in the meantime.
From a puts perspective, the $7.50 is the best looking option, although that will likely not be a major play, unless there is some major market movement across the board, and or if you capitalize on some short-term hiccups while INOD stock establishes its range.
*** I DO NOT OWN SHARES OF INOD STOCK ***