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- Big News Driving This Stock Higher Today đď¸
Big News Driving This Stock Higher Today đď¸
Everyone is watching this oneâŚ
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We donât see many days in the market like we did yesterday (thankfully).
That is a great example of why I always preach being vigilant, knowing where the market's 20-hour moving average is, and planning trades accordingly.
If you attended either of my live sessions this week in the Market Masterâs room, you saw me warn you about that sharp drop before it happened.
Personally, I will be avoiding most large stocks until I see the uptrend resumes, and that is going to take a while.
In the meantime, I think looking at smaller momentum stocks makes the most sense for âquick strikeâ opportunities.
I mentioned a new idea I wanted to share in last nightâs email, and it looks like I was right on point with it after seeing this morningâs trading action.
Go to your favorite platform and pull up Siyata Mobile (SYTA) right now.
The first thing youâll notice is that the stock is already moving quite a bit.
The reason is that SYTA just announced a brand-new order for $4.5 million, which is HUGE for a small company like this.
If you look at the longer-term price chart, you would think the market has given up on SYTA, and news items like today can be just the catalyst to make traders rethink their opinions and start to pile back in.
With the sharp price move and massive trading volume this morning, it would sure appear that a lot of traders are starting to bet on a reversal happening.
Now, look at the price chart in a shorter timeframe.
Below, I have the hourly chart over the last few weeks.
Notice that the $.80 level has been a significant resistance level?
Well, you can see that SYTA has busted through that in early morning trading already today.
I think that $.80 level is really important to keep an eye on, because now I think that could act as support if the stock pulls back. If it breaks below that, I would personally plan to go to the sidelines and wait for a better setup again.
However, above that level, I think there will be some great opportunities to watch during the day.
This stock is already on everyoneâs radar as it is near the top of the list of the most active and also the highest percentage-gaining stocks this morning, as you can see belowâŚ
This is going to be a wild day of trading, so make sure you are keeping a very close eye on SYTA today.
I will be watching the 1-minute chart today like a hawk.
I want to see strength above the 20-minute moving average and âGOâ trends firing.
If you want to see stocks like this weâre talking about during the day, use this link to gain free access to our incredible trading room.
Itâs going to be a big day for SYTA, so donât miss a moment of it!
As youâre doing your research on it today, here are some points I found interesting to help get you started.
Siyata Mobile (SYTA) is a leading global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories.
The companyâs devices are designed to provide robust network coverage, high-fidelity audio, and reliability for use by emergency services such as fire and EMS responders â
If youâre a dinosaur like me, you remember the old Nokia walkie-talkie featuresâŚ
(Iâm telling you⌠Those things were amazing! I honestly still miss mine.)
SYTA is bringing that core functionality into the 21st century with their SD7 platform:
âBut Jeff, isnât that going backwards in terms of tech?â
Not at all.
Because generally speaking, the communications networks powering these critical services require extensive infrastructure and specialized equipment like towers, receivers, transmitters, and all sorts of other complicated gear.
As any car owner can tell you, the more moving parts something has⌠the more likely it is that one of those parts will failâŚ
And when youâre talking about a situation where an ambulance needs to communicate with other emergency workers â with lives quite literally on the line â the need for reliable, effective communications simply cannot be overstated.
This is what makes the SD7 such a powerhouse â
It offers all the functionality of a cell phone AND a two-way communications system on a single device, while its booster systems enable first responders and other mission-oriented personnel to amplify cellular signals in areas where remote communication is typically difficult, if not impossible, such as in remote locations or large concrete structures.
And the adoption of Siyataâs systems by security and emergency personnel isnât some far-off wish, itâs well underway.
Check out this video of the University of California, Davis Fire Department singing the praises of the Siyata devices it uses to respond to emergencies and coordinate its team.
And, see this press release about the 2024 Special Winter Olympics in Syracuse, New York, using Siyata devices to equip certain security personnel and event volunteers to run a successful event.
In February, SYTA announced a purchase of 1,000 UV350 all-in-one in-vehicle fleet communication devices from an international EMS provider.
And in May, the company announced $2.2 million in new orders of its SD7 handsets and accessories.
Later that month, the company incorporated an integrated AI active noise cancellation microphone, which will be especially useful for workers in noisy environments such as:
Loud concert halls for security and support staff.
Construction sites with heavy machinery.
Road crews working in noisy traffic environments.
Mining vehicles engaged in ore extraction.
First responder vehicles during emergency situations with active sirens.
One US public school district purchased $900,000 worth of gear, and just on Monday, SYTA announced that a different, 7,100-student district ordered SD7 handsets and vehicle kits for use by its bus transportation services.
And donât think for a moment that the âpush-to-talkâ market is small beans.
While it is a niche area of telecom, Androit Research projects this sector to reach a valuation of $59.81 billion by 2030.
SYTA has only just begun capturing its share of that emerging market. In FY 2023, the companyâs revenue was $8.2 million, up 27% from the year prior, and its gross profit was $2.65 million, up 91% from the year prior.
That momentum continued into the first quarter of 2024, with $2.4 million revenue â up 30% from the prior year period â and a 36.6% gross margin, which was up from 27.5% in the prior year period.
Itâs crucial that you get a full birdâs eye view of the company, assess all the factors in play, and ultimately make the choice thatâs right for you and your portfolio.
A great place to start would be right here on the companyâs website or the companyâs excellent corporate presentation.
Spend time right now doing your own research on the stock, and of course, always approach your trading in a responsible manner. Trading is very risky, and nothing is ever guaranteed, so never trade with more than you can afford to lose. Always have a well-thought-out game plan that takes your personal risk tolerance into consideration.
Bottom line: This company has a lot of momentum behind it right now. When you also consider todayâs big news, it is easy to see why it on the radar of so many traders right now. If SYTA is truly turning the corner as a business, this could be an incredible opportunity to consider.
I think everyone should be watching SYTA like a hawk all day today.
Make the most of every minute today!
To Your Success,
P.S. Make sure you join me and over 1000 traders in the Market Masterâs trading roomtoday for live trading signals and education. You can access it at no cost right now.
*Just so you know, what you're reading is curated content for which we have received a monetary fee (detailed below) to create and distribute. Let's be clear that investing can be quite the roller coaster as stock prices can have wild swings up and down, so consider those crucial risks before you ever consider trading anything we discuss. Make sure you check out our full disclosure down below for the details on how we were paid, the risks, and why these results aren't what you'd call âtypical.â
Just a quick heads up about this ad you're readingâas weâve said, even though we like the company referenced above, and all the facts we discussed above are true to the best of our knowledge, we are running a business here. To distribute this information and help offset the costs of maintaining our large digital audience, in advance of writing the content above, we received eighteen thousand dollars (cash) from IR Agency for advertising Siyata Mobile for a one day marketing program on July 18, 2024. Previously, we received seventeen thousand five hundred dollars (cash) from IR Agency for advertising Siyata Mobile for a one day marketing program on may 15, 2024. Prior to that, we received fifteen thousand dollars (cash) from Lifewater Media for advertising Siyata Mobile for a one day marketing program on June 15, 2023. This amount was paid by someone else not connected to Siyata Mobile. It might be obvious, but whoever paid for this might own shares and is likely looking to sell some or all of them at any time after we send out this information, which might affect the stock price. We may also buy or sell shares in the company at some point in the future, although neither RagingBull nor its owners own any shares of the company at this time. Also, keep in mind that due to the sheer size of our audience, if even a small percentage of people decide they want to buy this stock, it could potentially boost interest enough to hike up those share prices and cause a temporary spike, and the opposite is possible as our program ends, though that is not always the case.
Now, diving right into Siyata Mobile might sound exciting. But remember, itâs like venturing into the wildernessâbe aware that there's exceptional risk involved in trading. This isn't small potatoes we're talking about; you could lose every dime you put in, so always carefully think about what youâre doing. Thatâs why they call this trading, after all. We're shining a light on the good stuff about the company here, but it's on you to do your homework, make your own calls, and determine a plan for your own trading, hopefully with the help of your professional 1nvestment advis0r.
Oh, that brings us to another crucial pointâwe're not here to tell you (or even recommend) what you should do with your hard-earned money. Weâre simply sharing our non-expert thoughts by highlighting some companies we like that could use some help telling their story to more people. Weâre obviously biased in our writing. Weâre not here to dig into anything that may be negative about the company; this is advertising, after all! Also, keep in mind that if we make some predictions about the future, these are technically known as âforward-L00king statementsâ under the securities acts, so take those with a grain of salt. As with all forecasts, theyâre not set in stone, often wrong, and we certainly canât know where the Companyâs earnings, business, or share price will be tomorrow or a year from now.
Everything you read from us is all for your education, information, and possible entertainment. While we believe the info is reliable and accurate, we can't wear a cape and guarantee it. Before you jump into anything, make sure to talk it over with a proâsomeone you trust who's licensed to give you real advice. To be clear,
Neither Raging Bull nor its owners, employees, or independent contractors are registered as a secur1ties br0ker-dealer, br0ker, 1nvestment advis0r (IA), or IA repâs with the SEC, any state securities regulat0ry authority, or any self-regulat0ry organization.
So, that's the scoop! If you're intrigued and want to learn more about the companies we talk about, hit up the SEC's website to dig into their filings and see the full picture.