The New America Energy Corp (OTCMKTS:NECA) emerged as one of the notable gainers on Thursday and went up by as much as 40%. While the gains made by the stock are attractive, it is also necessary for investors to keep in mind that there was no material news about the company on Thursday.
In this situation, it could be a good move to take a look at a key development in relation to New America Energy from last month.
Back on May 10 the company announced that it signed a letter of intent regarding the acquisition of a family entertainment center located in the state of South Carolina. While the above mentioned letter of intent was signed by the company on May 4, 2021, it is necessary to point out that the negotiations had gone on for many weeks prior to that. Considering the gains made by the New America Energy yesterday, investors could consider keeping an eye on any news regarding the company today.
Market Reaction:
On Thursday, NECA stock soared by 40% to $0.0014 with more than 146.62 million shares, compared to its average volume of 99.64 million shares. The stock has moved within a range of $0.0008 – 0.0014 after opening the trade at $0.0010. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0120.
Pivot Points
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
| Classic | 0.0004 | 0.0006 | 0.0010 | 0.0012 | 0.0016 | 0.0018 | 0.0022 |
| Fibonacci | 0.0006 | 0.0008 | 0.0010 | 0.0012 | 0.0014 | 0.0016 | 0.0018 |
| Camarilla | 0.0012 | 0.0013 | 0.0013 | 0.0012 | 0.0015 | 0.0015 | 0.0016 |
| Woodie | 0.0001 | 0.0005 | 0.0007 | 0.0011 | 0.0013 | 0.0016 | 0.0019 |
| DeMark | – | – | 0.0011 | 0.0012 | 0.0017 | – | – |
Moving Averages
| +/- EMA(20) | 0.0011 (+27.27%) |
| +/- SMA(50) | 0.0016 (-12.50%) |
| +/- SMA(200) | 0.0021 (-33.33%) |
 Stock Continues To Move Higher: Jumps 40%){kind=link}