Exela Technologies Breakout Alert: Where Can it Go?

Investors who might be looking for the latest gainers in the stock markets could consider having a look at Exela Technologies (NASDAQ: XELA), which recorded significant gains on Wednesday.

Exela Technologies Breakout Alert: Where Can it Go?

Exela emerged as one of the major gainers from among tech stocks and went up by as much as 48%. While it is true that the stock attracted significant traction from investors yesterday, it should be noted that there was no news about Exela that could have resulted in such gains.

Considering the fact that the trading volume touched as much as 138 million yesterday against its average trading volume of 5.23 million shares, it could be a good idea to take a closer look.

The company is involved in the business process automation space and provides the service through cloud software. At this point in time, Exela provides its services to as many as 4000 firms spread across as many as 23 nations.

Exela Technologies Breakout Alert: Where Can it Go?

Michael Rowels

Weekend Contributor.Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.