MomentumTradingHQ.com Featured Stock for the Week of 12/30/24 - 1/3/25: Red Cat Holdings (RCAT) Day Trade Return of 13.8%

Red Cat Holdings, a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announced Monday that it received notice and funds to exercise 750,000 outstanding warrants to purchase shares of common stock for cash at an exercise price of $6.50 per share.

Our proprietary real time alert services picked up RCAT's unusual stock and option volume Monday morning. Depending on your favorite momentum indicator several opportunities presented themselves to get in to capture a portion of the daily return.

As shown in the chart below, a day trade entered at 9:20 am and closed at the end of the day would have gained 13.8%. The chart shows the indicators that were triggered as well as the time.

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