Demand Drives Pricing


I used yesterday’s green open to close out of my open long positions… and today I’m analyzing the exact same stocks Citigroup is analyzing as well.

consumer demand drives prices, revenue, and can largely impact the trade behavior of a company’s stock.

Today I’ve got my eyes on a stock with “unprecedented” demand…

Ticker Code Ticker Name Ticker Industry Price Change Average Volume (50)*
RGR Sturm Ruger & Company Inc Aerospace & Defense 3.63% 486,535
SPOT Spotify Technology SA Internet Content & Information 1.96% 1,735,530
TNXP Tonix Pharmaceuticals Holding Corp Biotechnology -3.17% 8,306,201
BTTR Better Choice Company Inc Beverages -2.71 9,088
RILY B. Riley Financial Inc Financial Conglomerates 1.81% 137,079
CETX Cemtrex Inc Electronic Components 1.38% 11,086,876
GNUS Genius Brands International Inc Entertainment -78.18% 82,877,677
ABEO Abeona Therapeutics Inc Biotechnology 7.35% 1,124,560
OLN Olin Corporation Specialty Chemicals -7.14% 2,653,304
ZN Zion Oil & Gas, Inc. Oil & Gas E&P 15.15% 3,502,697
VXRT Vaxart Inc Biotechnology -7.38% 4,958,668
MDXG MiMedx Group Inc Surgical and medical instruments 1.98% 225,705
VSTO Vista Outdoor Inc Leisure 8.06% 1,792,124
GPOR Gulfport Energy Corporation Oil & Gas E&P 14.74% 4,878,652
GLMD Galmed Pharmaceuticals Ltd Biotechnology 2.59% 91,486
IFRX Inflarx NV Biotechnology -13.61% 917,850
INO Inovio Pharmaceuticals Inc Biotechnology 14.53% 25,500,432
BA Boeing Co Aerospace & Defense 6.81% 45,677,678
SHIP Seanergy Maritime Holdings Corp. Marine Shipping 22.22% 94,039,475
BEBE bebe stores, inc. Women’s, Misses’, and Juniors Outerwear -1.00% 6,865

In light of recent global civil unrest reignited by police brutality in Minneapolis a couple of weeks ago, and more recently in Atlanta, some stocks have benefited as a result.

They’re not computer companies, cell phone companies, or automotive companies.

They’re gun companies… such as Sturm Ruger (NYSE: RGR).

According to analyst James Hardiman of Wedbush Financial, demand for guns has increased by an “unprecedented” amount as citizens have become fearful for their own safety, and therefore, are purchasing self-defense products and gear, including guns.

While RGR may distribute and sell 1,000 guns per month at a predetermined price, given a surge in demand for the company’s product, they can afford to do what most companies can’t in today’s economic climate – raise their prices.

This will increase their profit, revenue, and bottom lines which directly impact the price and performance of their stock (and consequently affect financial professional sentiment).

Coincidentally, the stock is now setting up for what could be a possible breakout as soon as today’s opening bell…


RGR Daily Chart

My technical analysis is suggesting that if RGR can trade above $73.89/share, it could run to the $80/share area. If this move takes place, I’ll be interested in making a bullish move.

Now it’s no secret that markets might feel a little top-heavy to many traders, and a possible pullback could be on the way. If that happens, it’s ok. If markets pull back and the stock does too, it has room to retreat to its 20-day simple moving average line, shown in green in the chart above.

If markets and the stock do make a green-to-red move, I’ll be interested in making a fast-moving bearish move.

And of course, I’ll be in touch with a midday position update & watchlist.

Yours for TrackStar trading,

Davis Martin
America’s #1 Options Trader
@DavisMartin88
@DavisMartin88

Disclaimer: This is not investment advice. This article is for information purposes only and opinion-based on financial advisor data across a selection of websites. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.

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