IZEA trade ideas
Past Mini Bearish Dip, more Surge --> Now Take $IZEA ProfitsFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I previously predicted a bearish run for IZEA. It ended up dropping below the $2 level, but quickly retracing positively (to my surprise). However, I think it is heading towards a risky zone. I feel like you can take the profits now or set a sell order at $3 if you want to be extra risky, and just dip. This surged so much, and I feel like it is better to take the profits if you can rather than wait. You can then reinvest later on to mitigate risk.
IZEA Awarded New Contracts by Two Fortune 500 RetailersIZEA Awarded New Contracts by Two Fortune 500 Retailers
Company Sees First New Contracts Awarded Since COVID-19 Outbreak Began
izea.com
IZEA Announces New Fortune 500 Customer
announced today that it has secured a significant six-figure contract with a new Fortune 500 customer for influencer marketing managed services.
izea.com
IZEA Sales Surge Following COVID-19 Dip
Company signs new Fortune 500 Insurance Customer, Expands Relationships with Existing Clients
izea.com
Growth was Insane, Expecting this to Drop to $1.50First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, IZEA's bullish run is a direct result of the news and how they are expanding. However, a run can only last too long and you reached a point near the $2.10 range of bearish resistance. Post-Market already dropped 3.85%, and the numbers seem speculative. I think likely a negative retracement soon towards $1.50 is imminent.
$1 Mil, 2 contracts (WW)" IZEA significantly expanded its relationship with a Global Fortune 10 customer for influencer marketing managed services. In addition, the company has also signed a managed services contract expanding its relationship with a leading multi-billion dollar consumer packaged goods manufacturer to provide influencer marketing services. The two contracts, totaling $1 million, were signed on Monday, May 18."
Wouldn't say this news is anything to write home about but, this ticker has had some momentum lately with a decent uptrend. I will be keeping this on watch above the .60 price. If I see some strength at open I will be looking to start a position at the break of .68-.7 with volume.
Looking for a quick 20-22% with a PT@.894c.
Not looking for anything more than that out of this ticker. I will update if this changes.
IZEA - Bullish Area. Could Retrace Drop IZEA Worldwide, Inc. engages in the creation and operation of online marketplaces that connect marketers with content creators under IZEAx platform. It automates influencer marketing and custom content development, which allows brands and agencies to scale their marketing programs. The company was founded by Edward Hans Murphy in February 2006 and is headquartered in Winter Park, FL.
SHORT INTEREST
338.75K 09/13/19
P/E Current
-0.45
P/E Ratio (with extraordinary items)
-1.14
Average Recommendation: BUY
Average Target Price: 1.85
New product release could fuel IZEA on gap upIZEA released its new product, ContentMine, which helps companies marketers more easily find, organize and share content. The stock saw a 13% gap up on Sept. 22. Profits from the new product could help fuel a continuation on the move up. As of now, RSI shows bullish strength and the stock is consolidating into a falling triangle on decreasing volume, signaling a possible continuation.
Personally, I'm long with a stop @ 5.45. I determine position size by the following 1% of portfolio/volatility(distance from entry to stop). If, I'm placing a position trade then my stop is 2ATR from entry, if I'm trying to place a short to mid-term trade, my stop is usually under an area of support.
Again, this is not advice or a suggestion to buy. This is just how I see the stock and what I'm doing with it.