|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||1.0670 - 1.0900|
|52 Week Range||0.0950 - 1.5050|
|Beta (5Y Monthly)||1.13|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
As the world switches from combustion engines to electric powered modes of transportation, investors and traders are beginning to focus on the companies that produce and manufacture supplies for this market. Plug Power Inc (NASDAQ: PLUG) and Luminar Technologies Inc (NASDAQ: LAZR) provide systems used in electric vehicles, while Gratomic Inc (OTC: CBULF), through its partnership with Forge Nano, will provide high purity vein graphite to the EV supply chain. All three stocks look ready for a bullish move going into the week. The Plug Power Chart: Plug Power, a hydrogen fuel cell system developer, looks to have found a bottom on April 21 following a steep 68% sell off after making an all-time high of $75. Since its slight rebound, Plug Power has spent the past seven trading days battling resistance at $28.80 and on Friday closed just underneath it. Plug Power’s stock closed above the eight-day exponential moving average (EMA) but is still trading below the 21-day EMA, which shows bullish indecision. The stock rejected the 200-day simple moving average (SMA) on Friday, showing overall sentiment is still slightly bearish, but declining bear volume could indicate the stock is running out of sellers. This could push Plug Power up over the 200-day SMA if bullish volume comes in, which would then switch the overall sentiment back to the bulls. Bulls want to see Plug Power’s stock close over resistance at $28.80 and continue northward to regain the 200-day SMA. If the stock can regain those levels, it has room to move up to fill the overhead gap at the $40 mark. Bears want to see Plug Power’s stock continue to reject its overhead resistance, which could see it back-test support near the $24 level. If it isn’t able to hold $24, it could revisit $14 before finding another level of support. See Also: So What's Up With Plug Power Stock Today? The Luminar Chart: Luminar, an autonomous vehicle sensor and software company, found a bottom at $16.05 and bounced 63% before entering into consolidation. The bounce followed by consolidation created a bull flag pattern under resistance at $26.05, and, if that pattern is recognized, the stock looks set for bullish continuation. Luminar is trading above the eight-day and 21-day EMAs, and on Thursday the eight-day EMA crossed above the 21-day EMA, both which are bullish indicators. Bulls want to see Luminar’s stock react to the bull flag and break up over resistance near $26. If the stock can turn that level into support, it has room to move towards $30.48. Bears want to see the bull flag pattern negated and for Luminar’s stock to break below support at $22.18. If this happens, the stock could revisit $16.05 before finding another support level. The Gratomic Chart: Gratomic, like Luminar, bounced and consolidated in a bull flag pattern after a three-day sell off caused Gratomic’s stock to lose almost 50% of its value. On Friday the stock closed just under resistance at $1.06, and Gratomic has seen decreasing volume into a tightening pattern. This indicates big volume is likely to come into the stock within the coming days. Gratomic is pinned between the eight-day and 21-day EMAs but well above the 200-day SMA which indicates sentiment in the stock is bullish. Learn more: Best Technical Analysis Courses Bulls want to see large bull volume enter Gratomic’s stock to break it upwards from the bull flag pattern and over resistance at $1.06. If it can regain that level of support, it has room to move up towards $1.20 before meeting another resistance level. Bears want to see the bull flag pattern negated and for large bull volume to enter the stock to drop it back down towards the 90-cent mark. If the stock is unable to hold that level of support, it could retest the 75-cent mark. PLUG, LAZR and CBULF Price Action: Plug Power closed Friday’s session at $28.51. Shares of Luminar closed at $22.75 and Gratomic’s stock closed at $1.05. Photo courtesy of Plug Power. See more from BenzingaClick here for options trades from BenzingaOptions Traders Think Plug Power Is Charged Up For A Move© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Gratomic (TSXV: GRAT) presented at the Benzinga Cleantech Small Cap Conference on April 22, 2021. Since its launch in 2014, Gratomic has been focused on introducing carbon-neutral, eco-friendly, high purity vein graphite to the global electric vehicle (EV) and energy storage supply chains. They are now seeking new opportunity and growth with the commissioning progress ongoing at its flagship Aukam Graphite Project in Namibia. The agreement with Next Graphite, Inc. to acquire NextG's 37% interest in Gazania 242 Pty Ltd., the Namibian company that holds the licenses on the Aukam property, is ongoing but slowed temporarily due to the pandemic. However, Gratomic is still working towards full operational capabilities later in 2021. The acquisition and commissioning progress of its project in Namibia was lauded by Gratomic President and CEO Arno Brand. "This is a significant achievement and another piece of the puzzle locked solidly in place and bringing value to stakeholders," he said. With commissioning underway, Gratomic continues to reach and surpass its vital milestones on the path to a fully operational processing facility. Gratomic is focused on introducing what it refers to as exceptional anode material to the global EV and energy storage supply chains. It also plans to take the Aukam Graphite Project fully solar by 2022. Large quantities of its naturally high-quality graphite have been shipped for testing to confirm its viability as an anode material and the company is confident that the results will provide a unique competitive advantage in its desired target markets. The company's recent collaboration agreement with Forge Nano has also advanced the developments on its graphite finalization phase for the micronization, spheronization and the patented ALD coating of its Aukam vein graphite for use in lithium-ion batteries. Forge Nano is a global leader in surface engineering and precision nano-coating technology, using atomic layer deposition. Gratomic is also completing its preliminary economic assessment (PEA) on the Aukam processing plant. The company believes the study, its recommendations, and subsequent implementation will provide a "level of comfort" relating to the scaling up of the existing processing plant to a commercial-scale processing facility. While the process and implementation are ongoing, Gratomic's supply of graphite is conditional on the company being able to bring the Aukam project into a production phase, and for any graphite being produced to meet certain technical and mineralization requirements. The historic mine site is fully licensed and permitted and maintains full support from the Ministry of Mines and Energy, Namibia. Gratomic also has announced that it has secured Depository Trust Company (DTC) eligibility on the common shares of the company. This eligibility now allows Gratomic to facilitate trading, settlement and clearance in the U.S. See more from BenzingaClick here for options trades from BenzingaBumped Helps Brands Grow While Consumers Grab a Piece of the CompanyACCOINTING.COM has an Aggressive Growth Agenda to Meet the Needs of its Crypto Trading Customers© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.