In the Zone

$PHUN – Phunware, Inc.

 In the Zone this week is Phunware, Inc. in which trades on the Nasdaq Composite Index under stock symbol $PHUN.

 Phunware, Inc., together with its subsidiaries, provides multiscreen-as-a-service (MaaS) enterprise cloud platform for mobile devices worldwide. Its platform enables brands to engage, manage, and monetize their mobile application portfolios. 

 

The company offers platforms as software-as-a-service, application transactions media, and data licensing. 

 

Its product portfolio comprises enterprise mobile software, including content management, location-based services, marketing automation, business intelligence and analytics, alerts, notifications and messaging, audience engagement, and audience monetization, as well as vertical solutions, which are off-the-shelf, iOS-, and Android-based mobile application portfolios, solutions, and services; and crypto networking, as well as multiscreen-as-a-service (MaaS) software application frameworks that pre-integrates all of its multiscreen-as-a-service (MaaS) software ingredients for use within mobile application portfolios, solutions, and services. 

 

Based on the stock chart of the company when looking at it from a technical standpoint what I would like to see in the days and weeks ahead is a advance in price above $1.65 in order for this stock to advance higher to the upside. 

 

At the close of the market on Friday the stock ended the day trading at $1.30 up $0.13 or 10.66% on heavier than average trading volume of 13.28 million. The average daily trading volume for the stock is 7.27 million. 

 

As we move ahead into the second trading week of the New Year please set you price alerts and keep this stock on your watch list for a potential advance in price above $1.65.

 

By Marlin Rolle

 

Please note that all the stocks listed are not buy recommendations; please do your own due diligence or get help from a professional before trading.