CoreCard Corporation (CCRD) Shares Soar 9.08% on Third Day of Gains

CoreCard Corporation (CCRD) shares surged 9.08% on June 9, 2025, marking the third consecutive day of gains and a 15.62% increase over the past three days. The stock price reached its highest level since March 2023, with an intraday gain of 14.16%.

The strategy of buying CCRD shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 7.46% annualized return. However, the Sharpe ratio was low at 0.63, indicating that the risk-adjusted returns were modest. The strategy showed a maximum drawdown of -10.47% during the 2020 COVID market crash, highlighting its vulnerability in extreme market downturns. Overall, while the strategy provided some growth, it carried moderate risk and was not immune to market volatility.

CoreCard Corporation's recent stock price movements can be attributed to several key factors. The company has shown a consistent upward trend, with positive technical signals including buy signals from both short and long-term moving averages. This indicates a stronger rate of increase and a potential for further growth.

Despite the stock being extremely overbought on the RSI14, with a value of 78, which typically suggests a selling opportunity, the stock has continued to break upwards. This indicates a reduced chance of a major correction and suggests that the upward trend may continue.

However, it is important to note that CoreCard Corporation's stock is considered high risk due to high daily movements and volatility. The broad prediction interval from the Bollinger Band further supports this assessment. Investors should be cautious and consider holding or accumulating the stock while awaiting further development.