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Long-Term Trendline Could Prop Geolocation Stock Higher
Schaeffers Investment Research· 2025-10-29 03:17
Shares of 3D geolocation services provider Nextnav Inc (NASDAQ:NN) have struggled of late, and now carry a 17.8% deficit for 2025. Last seen down 0.7% to trade at $12.84, NN is far removed from this year's peak of $18.25, but support at the $12 level has kept price action in check for the last week. Plus, a historically bullish trendline suggests tailwinds could be in store for the equity. Per Schaeffer's Senior Quantitative Analyst Rocky White, the equity is within 0.75 of the 320-day moving average's 20- ...