AST SpaceMobile Inc. Stock on Track for 20% Pop Amid Bullish Trendline

AST SpaceMobile Inc (ASTS) stock is down 2.3% and pacing for its third-straight loss. However, according to Schaeffer's Senior Quantitative Analyst Rocky White, the stock is close to a historically bullish trendline. The security is within 0.75 of the 100-day moving average's 20-day average true range, which has occurred five other times in the past 10 years. In those instances, the stock was higher one month later in 80% of cases, averaging a 19.6% pop.