Conifer Holdings, Inc. (NASDAQ:CNFR) is gapping higher before market open as it moved 16.73% pre-bell. With the move the stock is currently valued at $3.14.
Active traders are often looking for the next great move to secure profits in the stock market. Traders might be tracking stocks that are primed for a breakout. When a stock suddenly breaks to the upside, it has the potential to bring the optimistic crowd along with it. The breakout may bring in traders who missed out on the beginning of a run trying to capitalize on the back end. The professional trader is typically one who is able to stand out from the crowd. Being able to separate fantasy from reality can mean big profits for the dedicated trader. Impulse buying or selling on good or bad news is common in the stock market. Being able to come to a reasonable conclusion about why stock prices are headed one way and not the other can be a tough proposition. Paying attention to all the headlines may lead some traders down the path of no return if trades are being made strictly on daily news or even perception or that news. Discerning between what is actually driving a stock and what is perceived to be driving a stock may end up being a large factor between future gains and losses in the equity market.
Taking a look at several key technical indicators, the stock’s price is $3.14 and their relative strength index (RSI) stands at 63.25.
Checking on current price levels compared to prior highs and lows, we have seen that Conifer Holdings, Inc. (NASDAQ:CNFR) was recently trading -0.32% away from the 50-day high and 25.60% removed from the 50-day low. Taking a wider view, the current separation from the 52-week high is -37.20%, and the distance from the 52-week low is presently 45.55%.
Since the beginning of the calendar year, Conifer Holdings, Inc. (NASDAQ:CNFR)’s stock has changed -18.24%. Over the last five trading sessions, the stock has moved 1.51%. For the past month, Conifer Holdings, Inc.’s stock has been -5.61%, -18.48% for the last quarter, -14.60% for the past six months and -7.24% for the past 52 weeks.