In our “HOT” stock article today, Michael Gable, Managing Director of Fairmont Equities, explains why he likes global sports data and analytics company Catapult (CAT).
As a global sports data and analytics company, Catapult (CAT) provides sporting teams and athletes with real-time data and analytics to optimise athlete performance, avoid injury, and improve return to play. CAT’s products are used by more than 4,600 sporting teams and athletes, across more than 40 sports and 100 countries worldwide.
“Catapult (CAT) is a stock I’ve been positive on for the past year on a few occasions,” Michael said.
“It has been a good trading stock for my clients.
“Catapult is a $1.6 billion technology company that provides sporting teams and athletes with detailed, real-time data and analytics to optimise athlete performance, avoid injury, and improve return to play.
“Their services are used by more than 40 sports and 100 countries worldwide.
“The chart indicates that once again CAT is presenting us with another buying opportunity. “After running hard during May-early June, the shares then eased back and consolidated for a few weeks.
“This is indicated by the diagonal blue lines.
“That consolidation now appears to be over because CAT is now pushing beyond the upper blue line.
“This means that CAT should be getting back into an uptrend.
“Current levels are a buying opportunity.
“Initial stops can be considered just under $5.50,” Michael said.
