Riot Blockchain, Inc. stock trades under the ticker RIOT & closed for trading at $7.23 on 11/23/2020.
RIOT stock has recently been on a tremendous upswing, and looks to have more strength carrying it into the near future, making it worth consideration for a short-term trade.
RIOT Stock Price: $7.23
10 Day Moving-Average: $4.57
50 Day Moving-Average: $3.47
200 Day Moving-Average: $2.41
RSI: 72
With an RSI of 72, there is still room for RIOT to run in the next day or two, making a buying opportunity for common shares & call options alike.
I am favoring the $7 calls, and the $8 puts for RIOT stock options, as today’s pre-market pricing shows that there is still strength to be had, but within the next few days the puts will prove valuable as a hedge.
I’ll be watching the chart closely over the next week, but looking to purchase the options mentioned above this morning, favoring the calls.
As always, I encourage you to research RIOT stock before purchasing, but this does look to have some great potential in its current state.
*** I DO NOT OWN SHARES OF RIOT STOCK ***