Small Cap Stock With Batman-like Police Device Attempts A Stage 2 Breakout

Independent Trader • Dec 12, 2019 at 2:15 AM EST

Wrap Technologies is an interesting company with a device similar to what you would see in a Batman movie. The stock has moved above resistance at $6 on 4x average volume over the past two weeks attempting to complete a Stage 2 breakout.

WRTC has very little institutional ownership so if it does continue the Stage 2 breakout I would expect volume to increase considerably. On the flip side if volume dies off then that could be a sign the stock is not under accumulation and would potentially remain in a sideways trading range.

Disclosure:

I am long WRTC.

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