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- HUBC: Potential Breakout Alert đ¨
HUBC: Potential Breakout Alert đ¨
Watch this key level todayâŚ
â¨ď¸ Hot Pennies: 40 Seats
Good Morning! Jeff Bishop here.
The stock market looks like it will pause today from its recent uptrend (at least for a while).
I will be keeping a very close eye on QQQ and if it can stay above the 20-hour moving average, which is right around $480 right now.
If QQQ can ride above that level, then I think weâre going to set ourselves up for a very nice day on Friday.
This week, I have been calling your attention to a smaller stock that has recently popped on my radar â HUB Cyber Security (HUBC).
I like this stock because it is a great sector right now. Many of the cyber security stocks are in breakout mode.
That strength tends to lift all boats for stocks in the sector.
Just moments ago, HUBC dropped this news about a $15M restructuring and new capital raise.
For a small company, this could really change the game for them.
I have also been noticing a series of higher highs for HUBC, which has been reversing from recent lows.
Just look at this chart over the last few weeksâŚ
Youâll notice that the first breakout, I missed.
That is ok. That is what I look for to get a new stock on my watchlist.
After a few days of consolidation, I thought Monday was a great time to bring HUBC to your attention.
On that day, we watched HUBC gain over 12% at one point.
Then, we saw a couple more days of consolidation, and now, as you can see in the third circle on the chart above, we are seeing another breakout above the 20-hour moving average.
If there is going to be a âmake or breakâ day for HUBC, then it is right now.
For this trend to continue, HUBC needs to not just hold above the 20-hour line but also make a new high, which I would hope to be at least over $1.
If you have neglected to watch HUBC this week, I think you should pay attention to it today.
I am expecting today to be very exciting for HUBC, so make sure you pull it up and start watching it right away!
I hope you caught my last email that highlighted some of the great recent developments with HUBC.
I left off with a January press release from the company promising 2024 would be a âtransformative yearâ with âa path to growth to over $100 million in expected revenues from existing and new contracts.â
The next month, HUBC announced a new agreement with âa subsidiary of a giant credit service provider with a market cap of hundreds of billions of dollars.â
The companies have worked together in the past, and this new deal brings their engagement to âa six-figure number in deals.â
A few days later, HUBC struck a deal with Blackswan Technologies, âa leading U.S. enterprise-AI vendorâ to provide âa joint solution under a landmark five-year agreement with one of Europe's top-tier banks.â
The deal represented HUBCâs first foray into the finance sector and is valued at $3.2 million.
HUBC CEO Noah Hershcoviz said that, âWe are greatly encouraged by the trust shown by a prestigious bank in our capacity to provide essential solutions for its multinational infrastructure.â
On April 4, the company made a major announcement that sent the stock soaring more than 100% in 24 hours.
It had acquired â for cash â Qpoint Technologies, a company with five subsidiaries that âprovides solutions and consulting across various verticals, including innovative data management and security solutions.â
According to the press release, âQPoint has expertise in software engineering, testing, cybersecurity, ICT, web, mobile, project management, and complex integration processes, bringing invaluable additions to HUB portfolio and expanding market reach, revenue stability and customer support.â
Qpoint has a customer base of âover 100 renowned brand clients, including partnerships with Rafael Advanced Defense Systems, the developer of the âIron Domeâ, the Israel Airport Authority and the Ministry of Defense of Israel.â
Qpoint had approximately $26 million in revenue in FY2023 and a year-over-year customer growth rate over 80%.
In May, HUBC confirmed another big-name, new contract awarded by the Israel Airports Authority.
According to the company, under the 3-year, approximately $2 million contract, âHUB will provide supervision services and engineering design consultancy at all Airports Authority sites across Israel.â
HUBC added that it secured the contract against ten other leading competitors.
Lastly, just Monday, HUBC revealed in an unrelated press release that it had ârecently secured two deals with governmental entitiesâ but did not provide further details.
Today is the day you need to watch HUBC â so donât miss out!
P.S. Donât forget to join us ALL DAY today for live trading in the Market Masters Chat Room. See ya there!
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*Just so you know, what you're reading is curated content for which we have received a monetary fee (detailed below) to create and distribute. Let's be clear that investing can be quite the roller coaster as stock prices can have wild swings up and down, so consider those crucial risks before you ever consider trading anything we discuss. Make sure you check out our full disclosure down below for the details on how we were paid, the risks, and why these results aren't what you'd call âtypical.â
Just a quick heads up about this ad you're readingâas weâve said, even though we like the company referenced above, and all the facts we discussed above are true to the best of our knowledge, we are running a business here. To distribute this information and help offset the costs of maintaining our large digital audience, in advance of writing the content above, we received sixty thousand dollars (cash) from Shore Thing Media for advertising HUB Cyber Security Ltd for a five day marketing program starting on June 17, 2024. This amount was paid by someone else not connected to HUB Cyber Security Ltd. It might be obvious, but whoever paid for this might own shares and is likely looking to sell some or all of them at any time after we send out this information, which might affect the stock price. We may also buy or sell shares in the company at some point in the future, although neither RagingBull nor its owners own any shares of the company at this time. Also, keep in mind that due to the sheer size of our audience, if even a small percentage of people decide they want to buy this stock, it could potentially boost interest enough to hike up those share prices and cause a temporary spike, and the opposite is possible as our program ends, though that is not always the case.
Now, diving right into HUB Cyber Security Ltd might sound exciting. But remember, itâs like venturing into the wildernessâbe aware that there's exceptional risk involved in trading. This isn't small potatoes we're talking about; you could lose every dime you put in, so always carefully think about what youâre doing. Thatâs why they call this trading, after all. We're shining a light on the good stuff about the company here, but it's on you to do your homework, make your own calls, and determine a plan for your own trading, hopefully with the help of your professional 1nvestment advis0r.
Oh, that brings us to another crucial pointâwe're not here to tell you (or even recommend) what you should do with your hard-earned money. Weâre simply sharing our non-expert thoughts by highlighting some companies we like that could use some help telling their story to more people. Weâre obviously biased in our writing. Weâre not here to dig into anything that may be negative about the company; this is advertising, after all! Also, keep in mind that if we make some predictions about the future, these are technically known as âforward-L00king statementsâ under the securities acts, so take those with a grain of salt. As with all forecasts, theyâre not set in stone, often wrong, and we certainly canât know where the Companyâs earnings, business, or share price will be tomorrow or a year from now.
Everything you read from us is all for your education, information, and possible entertainment. While we believe the info is reliable and accurate, we can't wear a cape and guarantee it. Before you jump into anything, make sure to talk it over with a proâsomeone you trust who's licensed to give you real advice. To be clear,
Neither Raging Bull nor its owners, employees, or independent contractors are registered as a secur1ties br0ker-dealer, br0ker, 1nvestment advis0r (IA), or IA repâs with the SEC, any state securities regulat0ry authority, or any self-regulat0ry organization.
So, that's the scoop! If you're intrigued and want to learn more about the companies we talk about, hit up the SEC's website to dig into their filings and see the full picture.