Conversion Labs – Stock Update!
Welcome back to a quick update on our new “Stocks to Watch” series of articles on stock investing. In a previous article, we introduced you to Conversion Labs (CVLB).
Today, we will be looking at some nice fundamental information updates as well as a quick chart update.
Always Remember When Investing
As we have discussed over and over again, investing in individual stocks is not for everyone. Before starting to invest in individual stocks, we suggest you first setup an emergency fund, ensure you are investing money in your 401(k), and setup a healthy monthly routine where you are investing in stock market index funds to build your long-term wealth. After you have done those things, you can begin to speculate with individual stocks using money you can afford to loose if things go south. We all know that investing in individual stocks can be very lucrative if you pick the right ones. There is no better way to beat the average market return than taking increased risk for the potential of improved returns! Fortunes have been made in the stock market by taking small, calculated risks on fantastic companies!
Fundamentals Update
Some exciting new was just released for Conversion Labs (CVLB). Conversion Labs was just recently listed on Deloitte’s 2019 list of the 500 Fastest Growing Tech Companies in the US.
Conversion Labs ranked #189 with a growth of 583% – this is according to the 2019 Technology Fast 500 Ranking! This seems to really validate that this is a company on the rise with really promising potential.
Technical Analysis Update
As you can see from the graphic below, we original wrote our post on this stock back on 10/22/19. Since that time, the stock is up nearly 17%. As you can see on the price movement, this stock appears to be in the final phases of tracing out a cup-and-handle pattern. This is also further evidenced by the huge up-tick in volume you can see for the past two days.
We originally recommended getting into this stock around $0.12 per share. It looks like those prices have passed us by for now! If you’ve done your own analysis and decided to buy into this stock, now may be a good time to jump on-board before this stock rockets higher.
CVLB – Quick-Update
Final Thoughts
We are excited to promote Conversion Labs as one of our first “Stocks to Watch” here on MoneyAhoy. As you can see from this update, it appears that this stock is ready to move! CVLB has positioned itself in the exciting telemedicine sector and continues to grow at a considerable rate. As a special bonus, this stock is trading at historically low levels compared to previous price action. This stock is screaming a BUY in our opinion.
Disclaimers
Please note the following as you read this article:
- The author of this post has a current long position in this security. This may influence the author’s opinion of this stock.
- The article is for educational purposes only, and does not constitute a recommendation to buy or sell any specific security. Please do your own research and due diligence.
- Past stock market and security performance does not have any bearing on future performance.
- The author of this article may has been compensated a sum of $200 to produce this post.
- Please only invest with money you can afford to lose.
Great update, Derek! It’s also important for new traders, as well as seasoned professional, to never risk too much on one single trade. A max risk of 1-2% of equity should be enough to keep your account from blowing up, and is sufficient to make big bucks from a stellar trading strategy.
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Definitely! You gotta keep it tight and keep some powder dry :-).