Sticking With This Evolv Technologies Price Target as Swing Crowd Wakes Up
The small-cap security screening name has announced a multi-year deal with TD Garden in Boston.
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As traders buckle down for the BLS release on June job creation, one $10K Portfolio stock is making a real-time attempt at breaking out, and it’s not Alto Ingredients (ALTO), which we discussed on Wednesday.
On Wednesday, (EVLV) made an attempt at cracking the upper trend line of the falling-wedge pattern of bullish reversal. That trend line just happens to run close to concurrently with the stock’s all-important 200-day SMA.
On Wednesday, EVLV recaptured both its 21-day EMA and 50-day SMA, waking up the swing crowd along with a few pros. Readers will also notice that the stock’s RSI has moved into a bullish posture as has the daily MACD. The portfolio has no problem reiterating its $8.50 target price for this name.
In other news, on Wednesday, Evolv Technologies announced that the firm had agreed to a multi-year renewal of its hardware and software subscription agreement with Boston’s TD Garden. This is the 19,000-seat multipurpose arena that is home to the NHL’s Boston Bruins and NBA’s Boston Celtics. The arena also hosts a full calendar of other sporting events, concerts and shows.
Other Portfolio News
Rocket Lab (RKLB)
On Tuesday, analyst Noah Poponak of Goldman Sachs reiterated his “hold” rating on RKLB along with his $76 target price. Poponak is rated at four stars out of five by TipRanks. Over the past two years, he has had a 55% success rate and generated an average return of 14.5%.
Wednesday’s Intention vs Wednesday’s Actual Trade
Intention: Purchase 5 shares of (VELO) at or close to the last sale of $17.61
Actual trade: Bought 5 shares of VELO at $17.25
Thursday’s Intentions
No trades intended
Current Positions
Long 150 shares of ALTO at $5.51. Target Ppice: $8. Last sale: $5.99.
Long 70 shares of EVLV at $5.8746. Target price: $8.50. Last sale: $6.74.
Long 200 shares of (OCUL) at $8.271. Target price: $11. Last sale: $9.54.
Short one OCUL $11 September 18 call at $1.65. Last sale: $1.30.
Short one OCUL $9 July 17 call at $0.90. Last sale: $0.73.
Long 225 shares of ONDS at $9.1284. Target price: $14. Last sale: $8.00.
Long 30 shares of (PL) at $30.6067. Target price: $46. Last sale: $31.74.
Long 5 shares of RKLB at $89.162. Target price: $131. Last sale: $101.00.
Long 35 shares of (RXT) at $6.4529. Target price: $9. Last sale: $6.48.
Long 175 shares of (SIDU) at $3.0342. Target price: $6. Last sale: $2.74.
Long 135 shares of (SOFI) at $15.8617. Target price: $24. Last sale: $18.74.
Short one SOFI August 21 $20 call at $1.02. Last sale: $1.06.
Long 30 shares of (SWBI) at $15.74. Target price: $19. Last sale: $15.01.
Long 50 shares of VELO at $13.6592. No target price right now. Last sale: $16.71.
Cash: $696.48.
Portfolio Value: $11,363.59, +13.6% from inception on March 24.
At the time of publication, Guilfoyle was long ALTO, EVLV, OCUL, ONDS, PL, RKLB, RXT, SIDU, SOFI, SWBI and VELO.
