Our newest NASDAQ trade alert, LTEA, opened yesterday trading at 4.98, gapping up from its previous close of 4.40.
Afterwards LTEA rallied to a high of 5.10, upside of 2% from the open, before closing the trading session at 4.96, a potentially bullish indicator.
Due to the gap up, thus far LTEA has not presented readers with any tangible upside opportunity.
In the event that LTEA is able to breakout above its 50 and 20 day moving averages, there exists the opportunity for further upside potential.
LTEA has a 50 day moving average of 5.15, upside of 3% and a 20 day moving average of 5.29, upside of 6% from yesterday’s close.
Yesterday LTEA reported breaking news, as we have mentioned earlier, which could potentially continue to be a catalyst for further upside opportunity.