Today, in this short [SPCE | Virgin Galactic | Quick Take] video 🎥, we’re going to be discussing the current state of the space industry and one particular company that has been making headlines lately. @Becca had asked about SPCE, so I wanted to take a quick look at Virgin Galactic.
As you can see from the chart, there has been a dramatic downtrend in Virgin Galactic’s stock price, going from $50 to $6. It’s currently sitting below its near-term moving average, showing a strong downtrend. Not only that, but the company is also facing a huge debt and is continuously losing money. On top of that, there appears to be a high short float, which could potentially lead to a short squeeze.
However, we have to keep in mind that the company just did a split on July 1 to 20, which could indicate further splits and offerings in the future. So while it may be tempting to take advantage of the current sentiment and hype around this stock, it’s important to consider the company’s financial situation.
If you’re looking for a short-term trade, there may be an opportunity when the stock crosses above the moving average. But I would personally not recommend swinging this stock,
🔴 Please also Join us in the BeachBum Trading Community by Subscribing to the BeachBum Trading YouTube Channel at 👉 https://www.youtube.com/c/BeachBumTrading?sub_confirmation=1 and Please Click the Bell Icon 🔔 so that You are Notified and Never Miss an Episode of BeachBum Trading. All for FREE.
—————————————————————————-
🎥 RELATED VIDEOS 📟
—————————————————————————-
🎥 Top Swing Trading Stocks to Watch 👀 | 9/16 – 9/20/24 | WEAT PERI USOI HIMX SIRI SSTK ORMP & More 👉 https://youtube.com/live/APqAJo-ryjo
👉 Please find and Watch 👀 All of the BeachBum Trading Shorts 🎥 videos, All for FREE, at 👉 https://www.youtube.com/@BeachBumTrading/shorts
—————————————————————————-
🔽 REFERENCES 🔽
—————————————————————————-
📝 Weekly Trading Game Plan Notes for 9/16 – 9/20/24 – Part 2 👉 https://docs.google.com/document/d/1WwbOJvisdu_Y1xB5MJ0p0THe2LOZSNJpjsdSIHQ4BHQ/edit?usp=sharing
—————————————————————————-
🧰 TRADING TOOLS 🧰
—————————————————————————-
🛠️ Webull – Get FREE stocks with Webull 👉 https://bit.ly/3jKfvw5
🛠️ E*TRADE – Use our link and we both get rewarded! 👉 https://bit.ly/3zP6rvB
🛠️ FinViz 👉 https://bit.ly/3h7r8M3
🛠️ ChartMill 👉 https://bit.ly/3By9g4X
🛠️ TD Ameritrade thinkorswim® [TOS] 👉 https://www.tdameritrade.com/tools-and-platforms/thinkorswim/desktop.html
🛠️ Seeking Alpha 👉 https://seekingalpha.com
🛠️ Benzinga Pro 👉 https://benzinga.grsm.io/uuo07mioquxj
—————————————————————————-
📈 TRADING PLATFORMS 📈
—————————————————————————-
✅ Webull – Get FREE stocks with Webull 👉 https://bit.ly/3jKfvw5
✅ E*TRADE – Use our link and we both get rewarded! 👉 https://bit.ly/3zP6rvB
✅ Public Investing 👉 https://bit.ly/3M5eACK (Referral Code: MichaelSDeVries)
#SPCE #virgingalacticholdings #virgingalactic
—————————————————————————-
👀 BeachBum Trading on Social Media 👀
—————————————————————————-
🌐 To See 👀 any Daily Changes to our Watch List(s), “Real Time Alerts” 📣 of our Buys, aggregated News on our current Positions, etc., … Please watch / keep an eye 👀 on the Comments section of this video, below, and/or … Please also Follow BeachBum Trading on:
👉 Patreon at: https://www.patreon.com/BeachBumTrading
👉 Discord at: https://discord.gg/BXTE6bdkmZ
👉 Twitter at: https://twitter.com/BeachBmTrading
👉 Pinterest at: https://www.pinterest.com/stocks1thevcf
👉 Facebook at: https://www.facebook.com/profile.php?id=100054334621367
👉 Facebook Group at: https://www.facebook.com/groups/434697884890399
👉 Facebook Page at: https://www.facebook.com/Beach-Bum-Trading-110655101593103
👉 Instagram at: https://www.instagram.com/beachbumtrading/
👉 Reddit at: https://www.reddit.com/r/BeachBumTrading/
🏖 Please also Join Us in the [BeachBum Trading] Community [Discord Server] 🎮, for FREE, at 👉 https://discord.gg/BXTE6bdkmZ
🏡 Please also Visit the 🏖 [BeachBum Trading] [Home Page] at 👉 http://BeachBmTrading.com
🙏 Please Help us be able to continue to produce frequent quality content to help You Learn How to Trade so that You may Achieve the Financial Freedom You Want and Deserve to be able live the BeachBum lifestyle and/or any kind of life that You would like to live! and get Access to our New BeachBum Trading Community Discord Server Now by Supporting BeachBum Trading via Patreon at 👉 https://www.patreon.com/BeachBumTrading