Exit Case: BigBear.ai Holdings, Inc. 

Overview: BigBear.ai Holdings, Inc. (NYSE: BBAI) is a provider of artificial intelligence (AI)-powered decision intelligence solutions for national security, supply chain management and digital identity.  BBAI has been a part of the 'Momentum Model Portfolio' since Jun 24, 2024. Therefore, an 'Exit' stance from the Momentum Model Portfolio is recommended on the stock at the close price of USD 1.60 as on Jul 11, 2024.

BBAI’s Daily Chart

New Entry Case: Penumbra, Inc. (NYSE: PEN)

Overview: Penumbra, Inc. (NYSE: PEN) is a healthcare company. The Company designs, develops, manufactures, and markets products and has a portfolio that addresses challenging medical conditions in markets with unmet need.

Technical Analysis: On the daily chart, PEN’s prices are trading above the falling trendline resistance zone, indicating the possibility of an upside movement hereon. Moreover, the momentum oscillator RSI (14-period) is recovering from the lower levels and is showing a reading of ~53.875. The prices are above the trend following indicators 21-period SMA, further supporting a positive bias.

PEN is recommended as a new entry in the 'Momentum Model Portfolio' as on Jul 11, 2024. Considering the technical analysis, support and resistance levels, an 'Entry' is recommended in the 'Momentum Model Portfolio' at the closing price of USD 186.29 as on Jul 11, 2024.

PEN’s Daily Chart

Support and Resistance Summary

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of Jul 11, 2024The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.