Intuitive Machines Rockets 240% Year-To-Date, Forms Golden Cross After $4.8B NASA Contract
Portfolio Pulse from Surbhi Jain
Intuitive Machines Inc. (NASDAQ:LUNR) has seen a significant stock price increase, up 240% year-to-date, driven by a $4.82 billion NASA contract for near-space communication and navigation services. The stock has formed a Golden Cross, indicating potential further bullish momentum, although some selling pressure and overbought signals are present.
September 24, 2024 | 3:40 pm
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Intuitive Machines' stock has surged 240% YTD, fueled by a $4.82B NASA contract for space communication services. The stock's Golden Cross suggests continued bullish momentum, but selling pressure and overbought indicators could pose risks.
The $4.82B NASA contract significantly boosts Intuitive Machines' profile and potential revenue, driving the stock's 240% YTD increase. The Golden Cross formation indicates a bullish trend, but technical indicators like RSI suggest caution due to potential overbought conditions.
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