November 17, 2021, 6:30 pm EST
MAXR provides products and services to 50 governments around the world with integrated solutions that help them protect and improve livelihoods for their citizens.
Its fundamental is a mixed bag of positive and negative earnings for this 2 billion market cap company.
But, MAXR took off the ground after 11/03 earning reports with +18% gains. Technically, it formed a strong breakout after the convergence pattern. In the following 8 sessions, MAXR only made a minor pullback. Today, it decided to make a follow-through move when DJIA drop -211 points. It is significant to illustrate that traders and investors piled up quickly.
Strong upside momentum visualized by the volume on 11/04 and 11/17 is evidence that something bullish is coming to MAXR.
Protective sell stop order can be set at 30.