Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Wajeeh Khan

Drone Contract Wins Are Sending Red Cat Stock Higher. Should You Buy RCAT Here?

Red Cat Holdings (RCAT) stock pushed aggressively to the upside hitting an all-time high of about $18 after the drone company announced a strategic alliance with Allen Control Systems. 

Despite this explosive rally, RCAT’s relative strength index (140-day) sits under 63, indicating momentum from its recent defense contracts and strong preliminary Q4 results could drive its stock price higher. 

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.