This Penny Stock Is Creeping Up To A Key Technical Level

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Naked Brand Group LTD. (NASDAQ: NAKD) moved higher Friday, likely after shareholders voted for approval of the proposed transaction to divest its Bendon brand brick-and-mortar operations. Another recent development from the company includes an appointment of a new chief financial officer, Mark Ziirsen, as of April 19, 2021.

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Naked Brand Daily Chart Analysis

  • Naked Brand stock looks to be testing a key level where it has previously held as resistance. The stock has been forming higher lows throughout the past six months.
  • The stock is trading below the 50-day moving average (green) and above the 200-day moving average (blue), indicating …

Full story available on Benzinga.com

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