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Here are our top investing ideas today â these setups look primed! And see our insert for a special BlackBox training today at noon. Be the best prepared trader on the Street!
PRZO â Up over 50% in pre-market after closing up over 79% on Friday
MTEK â Up over 30% in pre as this Israeli drone company gets investorsâ attention
HUSA â Up over 10% as oil price jumps due to Middle East conflict
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PRZO â Up over 50% in pre-market after closing up over 79% on Friday
ParaZero Technologies (PRZO), an aerospace company, engages in the design, development, manufacturing, distribution and sale of autonomous parachute safety systems for commercial drones in the United States, Israel and internationally.
On Friday, the company announced that the Australian regulator had approved the first commercial drone flights in populated areas and near people using ParaZero safety systems. The stock closed up over 79% on the news.
Given the conflict in Israel and Gaza over the weekend defense and drone stocks are in play, and PRZO is seeing continued strength up over 50% in pre-market.
The $1.70 area was resistance in the after-hours and now becomes potential support.
Above it, the first major target for bulls is the pre-market high at $1.87.
Beyond that $2, $2.50, $2.74, $3, $3.60 and $4 come into play.
Below $1.70, there is potential support at $1.60, $1.40, $1.20 and a gap fill to $1.16, with $1 below that.
MTEK â Up over 30% in pre as this Israeli drone company gets investorsâ attention
Maris-Tech (MTEK) designs and manufactures digital video and audio hardware and software solutions for the professionals, as well as the civilian and home security markets worldwide. The company was incorporated in 2008 and is based in Rehovot, Israel.
On Friday the company announced that it had launched its ultra-compact AI-powered video analytics product called The Jupiter Drones from the unmanned aerial vehicle market. The stock closed Friday up over 6%.
However, given the conflict in Israel over the weekend, defense stocks are in play, and this small cap UAV company from Israel is up over 30% in the pre-market this morning.
The $1.25 level was resistance in the early hours this morning and now becomes potential support.
Above it, targets to the upside are $1.30, $1.35 and then the pre-market high at $1.45. Beyond that, $1.50, $1.70 and $2 come into play.
Below $1.20, there is potential support at $1.20, $1.10 and then a gap to fill at $0.9999.
HUSA â Up over 10% as oil price jumps due to middle east conflict
Houston American Energy Corp (HUSA), an independent oil and gas company, engages in the exploration, development, and production of natural gas, crude oil and condensate in the United States.
Oil futures are up over 3.5% this morning, and this small cap oil company is also showing strength this morning.
HUSA had a huge move last year after the Ukraine and Russia conflict began trading up over 500% in just a few days. And after the outbreak of the Israel and Palestinian war over the weekend, HUSA is up over 10% this morning.
The $2 area has acted as resistance so far in the pre-market and will be the first major target for bulls.
Above it, $2.20, $2.40, $2.60, $2.80, $3 and $3.80 come into play.
Below $2, there is potential support at $1.84 and a gap fill at $1.75 with $1.70 below that.
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