How Far Will It Go? 1847 Goedeker Inc (NYSEAMERICAN:GOED) Stock Extends Rally

Ankit Singhania

7 Jun, 2021

1847 Goedeker Inc (NYSEAMERICAN:GOED) continues to move up and is trading higher on Monday. The stock has soared 60% over the past week. 

Market Reaction: Stock Soars On heavy Volume

As of 1:02, GOED stock moved up 17% to $3.11 with more than 25.81 million shares, compared to its average volume of 4.88 million shares. The stock has moved within a range of $2.7800 – 3.1500 after opening the trade at $2.78.

Major Trigger:

1847 Goedeker to Host Investor Conference Call to Discuss its Acquisition of Appliances Connection and Recent Developments

Key Highlights:

  • announced that it will host a conference call and audio webcast on Wednesday, June 9, 2021 at 4:30 p.m. ET to discuss and answer questions related to its acquisition of Appliances Connection, which closed on June 2, 2021, and other recent developments.
  • For interested individuals unable to join the conference call, a dial-in replay of the call will be available until June 23, 2021 and can be accessed by dialing +1-844-512-2921 (U.S. Toll Free) or +1-412-317-6671 (International) and entering replay pin number: 13720379.

Moving Averages

+/- EMA(20)4.37 (-28.83%)
+/- SMA(50)6.37 (-51.18%)
+/- SMA(200)7.99 (-61.08%)

Technical Indicators

SymbolValueResultSymbolValueResult
ADX73.1772BuyATR140.0062
CCI2083.5899BuyChaikin Money Flow-0.0785Sell
MACD-0.0023SellMoney Flow Index61.8580Buy
ROC21.4789BuyRSI48.6492Buy
STOCH (14,3)91.3043OverBoughtSTOCH RSI1.0000OverBought
UO56.9201BuyWilliams %R-8.6957OverBought

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