We spotted the stock Dave trending premarket and reached a high of 1.17 it did not break the highs after the open and consolidated at .74 during afterhours trading. Dave is a top volume leader trading over 124 million shares with a nice range. According to Fintel the short interest on Dave was 5,461,715 with 3.6 million shares in off exchange short.

Company Overview:

The company is engaged in personal financial management services. The company provides its members a suite of financial software and services in relation to personal finance. The companies personal finance management service enables members to monitor their bank account balances to avoid overdraft fees and build budgets to assist in short term- financial planning. The company product platform includes insights, extra cash, side hustle, and Dave banking.

Chart Analysis:

The chart is still curling as you can see below on the yearly and had above normal volume. The 150-day average day volume is 2.4 million whereas today it did over 124 million shares in volume. We will keep an eye on this stock to see if volume continues. If volume continues it may have another run in it. We will be watching closely to see if support holds at .61 if that 1st support holds the stock doesn’t have much resistance until 0.90. If .61 breaks the 2nd support level is at .503. The supports are usually good buy in points for traders. Keep in mind to have a tight stop loss in case it goes lower as the stock is currently very volatile.

Disclaimer:

This post is entirely opinionated by the author. Any reader should conduct his or her own due diligence before buying a stock mentioned on this blog. We are not financial advisors and do not give financial advice. Trade at your own risk. These are not recommendations to buy or sell securities .