Oversold Thresholds with high Verticals

April 2, 2024

DENVER, Colo., Apr 02, 2024 (247marketnews.com)- (NASDAQ:DJT) (NASDAK:PIK) (NASDAQ:CZOO) (NASDAQ:BREA)

The mentioned stocks are all off recent highs and are currently on the short threshold lists, which means the stocks are currently shorted into oversold positions and could see sharp rallies and high volatility.

Donald J Trump Media (NASDAQ:DJT) closed down more than 20% yesterday, but remains on the threshold list and still above the 15-day moving average, $45.26. If it can hold this support for the rest of the week, it may try to set up for a possible squeeze going into the weekend.

Brera Holdings PLC (NASDAQ:BREA) remains on our upcoming catalysts list and is also on the threshold list, with an estimated float of 2.8 million shares. Its 15-day simple moving average (SMA) is around $1.47 a share and the 30 SMA is $1.33, showing support levels above the 90-cent one month low. Brera recently announced that it’s in late-stage negotiations with professional football acquisition targets and is engaged in substantive discussions with several additional teams, including premium league targets.

KidPik (NASDAQ:PIK) announced merger plans with Nina Footwear yesterday, and the sub 1 million share float stock rallied to an afterhours high of $8.65. The stock is on today’s short threshold list and has already traded 1.1 million shares in this morning’s premarket.

Cazoo Group LTD (NASDAQ:CZOO) recently ran to $20, but has been quiet since announcing its intention to transition to a marketplace business model, leveraging the strength of the Cazoo brand and automotive retail ecommerce platform that it built online. The stock is also on the threshold list and, with an estimated float of 2.5 million shares, could easily squeeze back to recent highs, but it’s still well above its 30-day SMA of $4.46.

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