June 4, 2020 admin

PRICE ALERT: XSPA, Broke resistance

Hello traders,

XpresSpa Group, Inc., a health and wellness services company, provides spa services and related products at airports. The company offers massage services for the neck, back, feet, and whole body; nail care, including pedicures, manicures, and polish changes; travel products, such as neck pillows, blankets, and massage tools; and cryotherapy services, compression services, and personal care services, as well as retail products.

As of April 6, 2020, it provided its services through 51 locations in 25 airports worldwide. The company was formerly known as FORM Holdings Corp. and changed its name to XpresSpa Group, Inc. in January 2018. XpresSpa Group, Inc. is headquartered in New York , New York .

Sector: Consumer Cyclical
Industry: Personal Services
Market Cap(M$): 97
52 Week High: 5.45$
52 Week Low: 0.05$
Forward PE: -3.48

XSPA,Broke resistance , AlphaOverBeta Price Alert by Alon_AOB on TradingView.com

Technical Analysis

Analyzing the stock from a technical perspective, we have these conclusions:

The stock belongs to a weak sector which is related to tourism and flights but as the economies of the world are reopening, the stock may stage a bounce up.
The latest earnings report was good (missing the current Coronavirus related quarter), and technically it broke resistance with high volume.
We open a long position at the current market price with a stop loss of 12% down.

Trade Smartly,

, ,

Leave a Reply

Your email address will not be published. Required fields are marked *