Beyond Meat (BYND.US) shares surged more than 7.0% during today's session after Piper Sandler upgraded its investment stance on the maker of plant-based meat substitutes to ‘neutral’ from ‘underweight’, saying a nationwide launch at McDonald’s (MCD.US) could happen within less than 3 months.
Beyond Meat (BYND.US) stock bounced off the major support at $62.00 and is currently approaching the lower limit of the earlier broken descending channel. If buyers manage to push the price above it, then the upward move may accelerate towards the upper limit of the 1:1 structure which lies near resistance at $85.23 marked with 23.6% Fibonacci retracement of the last downward wave. Source: xStation5
DAX down 12% from all-time high 🚩Watch this 2 stocks in April
Daily summary: Hopes for peace and space stocks in the spotlight
Globalstar: Are we headed for a battle of giants over orbit?
Intuitive Machines: Flywheel of the space economy?
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
