Is Trouble Brewing For This Stock? Shares Gapping Down Pre-Bell: Riot Blockchain, Inc. (:RIOT)

Riot Blockchain, Inc. (:RIOT) shares have been recorded gapping down -2.32% between sessions as the stock currently sits at $14.46 before the bell.

A gap is a space between prices that occurs when the price of a stock makes a move down or up when there is no trading happening in between. 

Investors studying the fundamentals might be conducting in-depth company research before deciding when to purchase a particular stock. The investor checklist may include studying the scope of a company’s competitive industry advantage, examining company management, and trying to get a general feel if the stock is valued properly. Once the decision is made that the company is a good fit for the portfolio, it may be wise to assess whether or not current conditions and price levels indicate proper levels for share purchase. The timing of purchasing a researched stock obviously comes with some level of trepidation. Investors will only know in the future whether they got in at the right price. A stock that looks very attractive today may not be as attractive in the future. Sometimes the investor will just have to trust their research and instinct when purchasing shares. 

Recent Price History

Riot Blockchain, Inc. (:RIOT)’s performance this year to date is 340.08%.  The stock has performed -3.40% over the last seven days, 116.52% over the last thirty, and 331.09% over the last three months.  Over the last six months, Riot Blockchain, Inc.’s stock has been 330.00% and 317.26% for the year.

SMA

The simple moving average is the most common method used to calculate the moving average of prices. Riot Blockchain, Inc.’s 20-Day Simple Moving Average is 28.17%.  Extending back, their 50-Day Simple Moving Average is 67.50%, looking even further back, their 200-Day Simple Moving Average stands at 209.70%.  

Disclaimer: Nothing contained in this publication is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.

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