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Pre-market Trading | Things You Must Know

Pre-market is a period where trading activity precedes the regular market session. Pre-market trading typically takes place between 8:00 a.m. and 9:30 a.m. EST. As traders and investors prepare for the regular session, they watch the premarket activity to gauge the market’s strength.

Getting a better understanding of premarket, Pre-market trading usually has low volume and liquidity; as a result, bid-ask spreads are large. Several retail brokers offer premarket trading, but it may be limited to certain orders. Generally, direct-access brokers can trade pre-market as early as 4:00 a.m. EST on weekdays.

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This early in the morning, stocks don’t usually have much action unless there is some news to report. There is limited liquidity because most stocks show only stub quotes.

In this article, Stocks Telegraph is presenting you with the 5 best pre-market trading stocks to invest in.

Applied Blockchain Inc. (APLD)

Applied Blockchain Inc. (APLD) shares were rising 25.47% to trade at $1.33 in pre-market at last check. APLD’s stock gained 1.92% to close Monday’s session at $1.06. The stock volume remained 6.8 million shares, which was higher than the average daily volume of 0.8 million shares within the past 50 days. APLD shares have fallen by -87.29% over the last 12 months, and they have moved down by 0.00% in the past week. Over the past three months, the stock has lost -77.82%, while over the past six months, it has shed -95.59%. Further, the company has a current market of $90.71 million and its outstanding shares stood at 53.40 million.

The top 3 mutual fund holders in Applied Blockchain Inc. are Emerald Finance and Banking Innov, iShares Russell 2000 Value ETF, and VanEck Digital Assets Mining ETF. Emerald Finance and Banking Innov owns 241,921 shares of the company’s stock, all valued at over $0.25 million. iShares Russell 2000 Value ETF sold 248.0 shares to see its total holdings shrink to 103,534 shares valued at over $0.11 million and representing 0.10% of the shares outstanding.VanEck Digital Assets Mining ETF now owns shares totaling to 0.02% of the shares outstanding.

Exela Technologies Inc. (XELA)

Exela Technologies Inc. (XELA) has advanced 26.15% at $0.1703 in pre-market trading hours on the last check Tuesday. The stock of XELA gained 34.33% to complete the last trading session at $0.14. The price range of the company’s shares was between $0.1076 and $0.14. It traded 789.94 million shares, which was above its daily average of 75.22 million shares over 100 days. XELA’s shares have gained by 32.87% in the last five days, while they have subtracted -1.24% in the last month.

Looking at the support for the XELA, several firms have released research notes about the stock. B. Riley Securities stated their Neutral rating for the stock in a research note on March 23, 2022, with the firm’s price target at $3-$0.55. B. Riley Securities coverage for the Exela Technologies Inc. (XELA) stock in a research note released on August 31, 2021, offered a Buy rating with a price target of $4. B. Riley Securities coverage for the Exela Technologies Inc. (XELA) stock in a research note released on August 31, 2021, offered a Buy rating with a price target of $4. Morgan Stanley was of a view on January 16, 2019, that the stock is Equal-Weight, while Morgan Stanley gave the stock Overweight rating on October 22, 2018.

Clovis Oncology Inc. (CLVS)

At last check in pre-market trading, shares of Clovis Oncology Inc. (CLVS) were up 3.68% at $1.97. CLVS’s stock closed last session at $1.90, decreasing -13.24% or -$0.29. Shares of the company fluctuated between $1.86 and $2.24 throughout the day. The number of shares exchanged was 9.4 million, less than the company’s 50-day daily volume of 15.99 million and lower than its Year-to-date volume of 11.99 million. In the past 12 months, the company’s stock has advanced -62.38%, and in the last week, the stock has moved down -29.10%. For the last six months, the stock has lost a total of -25.20%, and over the last three months, the stock has decreased by -16.67%. The stock has returned -29.89% so far this year.

The Williams Percent Range or Williams %R is a well-known specialized pointer made by Larry Williams to help recognize overbought and oversold circumstances. Clovis Oncology Inc. (NASDAQ: CLVS)’s Williams Percent Range or Williams %R at the time of writing to be seated at 97.12% for 9-Day. It is also calculated for different time spans. Currently for this organization, Williams %R is stood at 79.41% for 14-Day, 56.99% for 20-Day, 50.58% for 50-Day and to be seated 50.58% for 100-Day. Relative Strength Index, or RSI (14), which is a technical analysis gauge, also used to measure momentum on a scale of zero to 100 for overbought and oversold. In the case of Clovis Oncology Inc., the RSI reading has hit 50.45 for 14-Day.

United Maritime Corporation (USEA)

United Maritime Corporation (USEA) shares have gained 17.53% at $2.95 in Tuesday’s premarket session. United Maritime Corporation’s stock subtracted -58.65% to finish the last trading session at $2.51. The stock recorded a trading volume of 17.32 million shares. The shares of United Maritime Corporation have advanced -64.55% in the last five days. Further, the stock is being traded at a price-to-earnings ratio of 1.75. Additionally, it has a price-to-cash flow ratio of 0.38 and its price-to-sales ratio stands at 0.18.

CEL-SCI Corporation (CVM)

CEL-SCI Corporation (CVM) is rising on the charts today, up 3.59% to trade at $3.46 at last check in premarket trading. On Monday, shares in CEL-SCI Corporation fell -13.02% to close the day at $3.34. The volume of shares traded was 0.69 million, which is lower than the average volume over the last three months of 1.07 million. During the trading session, the stock oscillated between $3.29 and $4.02. The company had an earnings per share ratio of -0.85. CVM’s stock has lost -25.45% of its value in the previous five sessions and -13.47% over the past month but has lost -52.96% on a year-to-date basis. The stock’s 50-day moving average of $3.72 is above the 200-day moving average of $6.32. Moreover, the stock is currently trading at an RSI of 37.38.

Stock traders are taking a renewed look at shares of CEL-SCI Corporation. This stock’s current 14-day RSI is standing at 37.39%, with a 9-day RSI of 29.04%, and a 20-day RSI of 42.02%. The RSI, which stands for Relative Strength Index, is a widely used oscillating indicator trusted by investors and traders alike. The RSI works within a range-bound space with values on a scale from 0 to 100. When the RSI line rises, the shares may be showing strength.

The contrary is the case when the RSI line starts to fall. When using the RSI indicator, different time periods may be looked at. When using a shorter time frame, the RSI might be more volatile. A lot of traders keep their focus between the 30 and 70 marks on the RSI scale. A shift higher than 70 is widely considered to demonstrate that the stock has entered the overbought territory. Meanwhile, a drop below 30 indicates that it may be in oversold territory. Traders often use these levels to predict stock price reversals.

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