fbpx
QQQ
+ 1.37
339.87
+ 0.4%
DIA
-2.21
347.33
-0.64%
SPY
-0.92
425.23
-0.22%
TLT
-1.13
143.44
-0.79%
GLD
-1.24
176.98
-0.71%

Dead Cat Bounce Gives Fisker Shareholders False Hope

May 14, 2021 10:56 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More

After a steep decline, shares of Fisker Inc. (NYSE:FSR) finally found some support at the $10 level and staged a small rebound.

But appears as though the stock is about to roll over and head lower again. Even though shares are trading higher Friday morning, they've already given back most of their gains.

See Also: Fisker Shares Rally On $30,000 EV Partnership With Foxconn

A large number of investors have shorted this stock. This bounce could be mostly short covering. It would be a classic dead count bounce.

fsr_0.png

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to our YouTube channel.


Related Articles

Benzinga's Bulls And Bears Of The Week: Apple, Coinbase, Disney, Nike, Uber And More

Benzinga has examined the prospects for many investor favorite stocks over the past week. The past week's bullish calls included the iPhone maker and software and aerospace giants. read more

Option Traders Think Fisker Might Confirm A Bull Break

Fisker Inc (NYSE: FSR) gapped up 11% at Tuesday's open from Monday’s close due to two factors aligning. read more

This Fisker Stock Technical Level Is Key For A Bullish Turn

Fisker Inc. (NYSE: FSR) is trading higher Tuesday after BofA Securities initiated coverage on the stock with a Buy rating $31 price target. Below is a technial an read more

3 EV Stocks That Could Be Set For A Downturn

The sellers are about to hit Tesla, Inc. (NASDAQ: TSLA). The stock has staged an impressive rally over the past week as investors think it will benefit from the $2 trillion infrastructure bill, as well as a potential Green New Deal. But the stock may have become overextended. read more