Snap Inc. (NYSE:SNAP) shares are trading higher Wednesday on reports the company acquired Screenshop as part of its e-commerce push. It looks to be breaking out of a pennant.
Castor Maritime Inc. (NASDAQ:CTRM) shares are trading lower, potentially on continued momentum and higher volume after the company priced its $125 million registered direct offering at 65 cents per share.
Below is a technical look at each chart.
Snap Daily Chart Analysis: The daily chart on Snap shows the stock looked to be forming a bearish descending triangle before it broke resistance, potentially changing the trend.
The stock was able to break above the line that connects the highs (red line) and the trend could change back to bullish. The stock needs to work its way up to the top of the channel.