Redbox Entertainment RDBX stock price is up 240% in the last 5 days & volume is up 400%, but is it over for this breakout stock?
There is an old adage, “two heads are better than one”, so let’s collaborate on RDBX and compare notes.
In this in depth report, I look at 5 KPIs: Technical Analysis, Volume, News Cycle, Fundamentals & awareness campaigns. I believe the stock market is not gambling, it is also not fool proof, but I have developed a dependable system. I have found some critical components to success for RDBX, tell me what you think.
Before we get started, I like being methodical and easy to understand so I have developed a ranking system for my stocks. I call it, Alexander Goldman’s “HOT Stock Ranking!”
The official heat level for RDBX is, a 🔥🔥🔥 3 out of 4
Before I get ahead of myself and just jump right into this exciting breakout stock, I wanted to introduce myself.
Hello 🙋♂️ My name is Alexander Goldman. I have been trading small cap stocks, breakout stocks and trending stocks for 20 years now. I’m accredited for establishing the coveted HOT Stock Reporting system for breakout stocks.
To find out more about my story, CLICK HERE
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Redbox Entertainment Company Information
Company Name: Redbox Entertainment Inc.
Ticker: RDBX
Exchange: NASDAQ
Website: https://www.redbox.com/
Redbox Entertainment Company Summary:
Redbox Entertainment, Inc. engages in the provision of home entertainment products in the United States. It also produces, acquires, and distributes movies through its Redbox Entertainment label, providing rights to talent-led films that are distributed across Redbox services, as well as through third party digital services. It operates through the Legacy Business and Digital Business segments. The Legacy Business segment offers DVD and Blu-ray Disc rentals. The Digital Business segment provides both transactional and ad-supported digital streaming services, which include digital rental or purchase of new release and catalog movies and TV content, free movies and TV shows on demand, and free Live TV, a free, ad-supported television service. The company was founded in 2002 and is headquartered in Oakbrook Terrace, IL.
RDBX stock price is due to News?
April 25th
CHICAGO, (BUSINESS WIRE) — Redbox (NASDAQ: RDBX), a leading entertainment company, today announced that, Kavita Suthar will step down from her role as Chief Financial Officer, effective May 16, 2022, to spend more time with her family. She joined Redbox in 2015, became CFO in 2020 and played an integral role in navigating the Company’s successful SPAC merger and public listing in 2021.
Trending Stock RDBX 5 Day Chart
RDBX Stock Price HOT Stock Grade:
The official heat level for RDBX is, a 🔥🔥🔥 3 out of 4 . Here are my takeaways on it and why it is just a 3 out of 4. Do you agree?
RDBX Trading Volume
The volume, is trading at an increase of 400% over the average which indicates a higher demand in the stock.
Trading 101: volume is measured in the number of shares traded. Traders look to volume to determine liquidity and combine changes in volume with technical indicators to make trading decisions. So, let’s take a look at the technical indicators.
RDBX Technicals
The technical analysis “chart reading”, it is bullish and has been that way since the early part of this month with a steady ascending channel.
Trading 101: Technical indicators are technical tools that help in analyzing the movement in the stock prices whether the ongoing trend is going to continue or reverse. It helps the traders to make entry and exit decisions of a particular stock. Technical indicators can be leading or lagging indicators.
RDBX News Cycle
The news, there is no significant news.
RDBX Fundamentals
The fundamentals, there is horrible financial filings associated with this stock, “-47% down”!
Trading 101: Fundamental trading is a method where a trader focuses on company-specific events to determine which stock to buy and when to buy it. Trading on fundamentals is more closely associated with a buy-and-hold strategy rather than short-term trading.
RDBX Awareness
Marketing efforts “Awareness Campaigns”, I have not found marketing efforts around the investor awareness of this company. Hence the 3 out of 4. Do you agree? Write me a line at [email protected]
Again, two heads are better than one, let’s work together to have the best trading year of our lives!
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