(Nasdaq: FGI) Is A Low Float Idea With Key Chart Positioning (On My Radar Now)
May 9th Greetings, Friend!
FGI Industries Ltd. (Nasdaq: FGI) is laying claim to my top watchlist spot for Friday AM.
FGI Industries Ltd. is a leading global supplier of kitchen and bath products.
For over 30 years, the company has built an industry-wide reputation for product innovation, quality, and excellent customer service.
They're currently focused on the following product categories: sanitaryware (primarily toilets, sinks, pedestals, and toilet seats), bath furniture (vanities, mirrors and cabinets), shower systems, customer kitchen cabinetry and other accessory items.
These products are sold primarily for repair and remodel activity and, to a lesser extent, new home or commercial construction.
Grab Sources And More From The FGI Industries Ltd Website. -----
(Nasdaq: FGI) Has 2 Potential Catalysts I'm Focusing On Currently
No. 1: FGI is a low float profile
Yahoo Finance is currently reporting a float of approx. 2.61Mn shares for FGI. This means that volatility potential may be heightened as the drop of a hat.
No. 2: FGI closed above 4 key technical chart levels on Thursday.
At 4:00PM EST Friday, FGI came to a close right above 4 key technical chart levels in its:
- 5-Day Simple Moving Average (SMA)
- 20-Day SMA
- 5-Day Exponential Moving Average (EMA)
- 13-Day EMA
Should support strengthen at those levels, FGI may find the springboard it needs to revisit its former highs. -----
You’ll get updates from me the moment they are available. In the meantime, you might want to add (Nasdaq: FGI) to your watchlist quickly.
All the best, Dane James Editor Market Pulse Today
(Remember: St-ock Prices Could Be Significantly Lower Now From The Original Dates I Provided.)
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Thousand Sun Media LLC has not been compensated for the May 8th and 9th, 2025's profile on (FGI:US). Neither Thousand Sun Media LLC or its member own shares of (FGI:US).
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