Ast SpaceMobile Inc Poised for 20% Pop: Analyst Insights

Satellite stock AST SpaceMobile Inc (NASDAQ:ASTS) has dropped 2.3% to $86.37, but could soon extend its 20.7% YTD lead. According to Schaeffer's Senior Quantitative Analyst Rocky White, the security is within 0.75 of the 100-day moving average's 20-day average true range, a historically bullish trendline. This signal has occurred five other times during the past 10 years, after which the equity was higher one month later in 80% of those instances, averaging a 19.6% pop. A move of similar magnitude would place ASTS back above $103.