Sklz
SKLZ : PULLBACK / MOMENTUM TRADESkillz stock climbs as Stifel starts it with a Buy
Jan. 12, 2021 10:48 AM ETSkillz Inc. (SKLZ)By: Kim Khan, SA News Editor
Mobile gaming company Skillz (SKLZ, +6%) is climbing on a bullish call from Stifel that puts a Buy rating on the stock, with a price target of $28.
"Given its unique and differentiated model, with several planned strategic initiatives, the business should enjoy significant growth + margin expansion over the next several years," Stifel analyst Drew Crum writes, according to Bloomberg.
Skillz went public through a deal with blank-check company Flying Eagle Acquisition in September.
"Instead of focusing on in-game ads, Skillz has a set of sticky developer tools like payments, marketing, and server hosting," Ishan Puri wrote on Seeking Alpha last month. "I believe these will eventually add additional gross profit and contribution margin to the business over time that is not accounted for today."
Skillz is a well run gaming company that is mission driven and riding major tailwinds. It has well over $1.6 billion in gross marketplace volume and over 2 billion tournaments played per year. As a new generation emerges that is smartphone-first, I believe gaming and gambling are going to grow in big ways.
Skillz is also successful at getting users back to the platform - the most common problem with gaming companies in general. It ranks above TikTok, Facebook (NASDAQ:FB), and other platforms in minutes played per day. I believe this bodes well for the general effectiveness of the platform.
SOURCE : Flying Eagle: Great Long-Term Play, Dec. 7, 2020, Ishan Puri, SeekingAlpha
seekingalpha.com
Gaming has just started breaking out and SKLZ is going to flyGaming sector has just started moving and about to breakout . SKLZ is going to be one of the leaders . Great bullish chart . ARK has also added this to their portfolio .
SKLZ - Watching for Reaction Here Under 21SKLZ watching for reaction here at 200ema on 15min @20.55
Entry @21. Will add if needed at bottom of regression channel @19-18.50
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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
SKLZ - 2hr updated chartEntered calls on 01/11. Watch for breakout as cup and handle is forming and appears to be gaining momentum.
DONT FORGET - ARK bought a TON of shares just last week. This stock is worth keeping in the portfolio or as I am playing, buying leaps/long calls.
$SKLZ $SPAC $ARK $ARKQ
NNDM 1hour with fib retracementPotential upside on this stock is unbelievable.
I am a day/swing trader. I look to enter a position and exit with as much profit as quickly as I can. BUT, with this stock, I am building my long term portfolio around it. I love the company, I love what they produce, and most importantly I love the upside the chart shows me. It will be a $400 stock someday. It has that much potential.
Right now we should see, with enough volume, a clean break through $10 over the next week. Look for this to get some attention due to ARKQ Holdings being in the news for recently adding to their portfolio.
Love the stock. Currently long, and I mean long.
SKLZ 1hr with moving average and supportOne of my new favorite SPAC plays - SKLZ.
Skillz is an online mobile multiplayer competition platform that is integrated into a number of iOS and Android games. Players use it to compete in competitions against other players across the world (Wikipedia). SPACs are all the rage right now so it is important to know which ones are hot and which ones are not.
Watch for the moving average crossover on this. Watch for this to hold the bottom support. Volume surge into next week possible.
CATALYSTS - Skillz stock increases after Cathie Wood and ARK Invest purchase shares
gamingstreet.com
A newbie in ARKW - SKLZNYSE:SKLZ is a newly merged SPAC which build paid tournament (or gambling) experience into casual online games. And ARK Invest, most specifically AMEX:ARKW , has just newly bought in their shares on Jan 4th and has added another 200K shares just yesterday. From a pure technical standpoint I am not surprised it would breakout from its all-time high of 23.87 on the coming trading day. I am not sure if its going to be another NASDAQ:BNGO , but its definitely highly speculative and a Cathie Wood fandom play.
