Is Arcimoto Inc. FUV the best stock to buy because it has been breaking it’s trend with large volume and a 33% change in PPS in 5 days and is it due to a short squeeze? It has 10 Million shares shorted as of Feb. Is it considered a trending stock? Wondering why this stock is taking off, take a look below.
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Before we get started, I wanted to introduce myself to you. Hi 🙋♂️ I’m Alexander Goldman and I have been successfully trading breakout stocks and trending stocks for two decades now.
I’m now helping traders find breakout stocks. My claim to fame is the expert at finding trending stocks.
What do I mean by big winners?
Stocks that move more than 100% in a month! FUV Stock Price could? Think short squeeze!
Does that always happen, NO! But, I’m very good! Take a look at this article I wrote, where I called 5 stocks, 3 losers and 2 winners and they all did what I thought!
The article is HERE where I shine a spotlight on trending stocks and breakout stocks!
Now, let’s go over if FUV is the best stock to buy and if it is a trending stock? Below, is some of the basic information on this stock before we get in the technical analysis
Arcimoto Inc. Company Information
Company Name: Arcimoto Inc.
Trending Stock Enveric Company Summary:
Arcimoto, Inc. develops and manufactures electric vehicles to help the world shift to a transportation system. The firm’s vehicle products include Fun Utility Vehicle, Rapid Responder, Deliverator, Cameo and Arcimoto Roadster. The product Fun Utility Vehicle is for everyday consumer trips. The Rapid Responder is for emergency services and security.
The Deliverator is for last-mile delivery and general fleet utility. The Cameo is for film, sports and influencers; and the Arcimoto Roadster is an unparalleled pure-electric on-road thrill machine. The company was founded by Mark D. Frohnmayer on November 21, 2007 and is headquartered in Eugene, OR.
Is FUV the best stock to buy, let’s look at the news
Mar 03, 2022 (GLOBE NEWSWIRE via COMTEX) — EUGENE, Ore., March 03, 2022 (GLOBE NEWSWIRE) — Arcimoto, Inc.(R) (NASDAQ: FUV), makers of rightsized, outrageously fun, ultra-efficient electric vehicles for moving people and stuff, today announced that drivers of Arcimoto Fun Utility Vehicles in New York will no longer need to have a motorcycle license under legislation signed by Governor Kathy Hochul. The bill, A7192A/S6335, sponsored by Assemblywoman Donna Lupardo and Senator Tim Kennedy, brings New York State in line with other states that do not require a motorcycle license to operate an autocycle such as those built by Arcimoto.
Feb 28, 2022 (GLOBE NEWSWIRE via COMTEX) — EUGENE, Ore., Feb. 28, 2022 (GLOBE NEWSWIRE) — Arcimoto, Inc.(R) (NASDAQ: FUV), makers of rightsized, outrageously fun, ultra-efficient electric vehicles for moving people and stuff, and Susie’s Mopeds, the leading experience rental company in Friday Harbor, WA, announced today that they will begin demo rentals of Arcimoto Fun Utility Vehicles on San Juan Island beginning in March.
FUV 5 Day Chart
Arcimoto Inc. Technical Analysis, is it the best stock to buy:
First off, it is a trending stock because the news above is solid! Also, they had NY help them with allowing people to drive 3 wheeled cars without a motorcycle license. The real question is, is it the best stock to buy?
I don’t think it is but it is a solid option that appears to be setting up nicely for a bullish move soon.
#1 thing I like the stock looks great on the chart
#2 thing I like about it it, it is trending bullish with good news
I hope I did a good job with my analysis of FUV and if it is the best stock to buy?
This is Alex, reminding all the traders out there to leave your emotions at the door and never, ever, try to catch a falling knife. I strive to find breakout stock alerts and deliver them before the market finds out. I sure hope you enjoyed this article, if you would like to receive more exclusive content from me 👇 sign up for our newsletter below. 👇