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Is a Correction Looming Ahead for Fresh Vine Wine Inc. (VINE)

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Fresh Vine Wine Inc. (AMEX:VINE) went up by 30.20% from its latest closing price compared to the recent 1-year high of $9.33. The company’s stock price has collected 19.51% of gains in the last five trading sessions. Press Release reported on 01/04/22 that Iconic Brands Generates Significant Year-over-Year Sales Growth from its Bellissima Line

Is It Worth Investing in Fresh Vine Wine Inc. (AMEX :VINE) Right Now?

VINE currently public float of 0.63M. Today, the average trading volume of VINE was 185.36K shares.


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VINE’s Market Performance

The simple moving average for the period of the last 20 days is 6.20% for VINE stocks with a simple moving average of 6.20% for the last 200 days.

VINE Trading at 6.20% from the 50-Day Moving Average

After a stumble in the market that brought VINE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.62% of loss for the given period.

During the last 5 trading sessions, VINE rose by +19.51%, in comparison to the 20-day moving average. In addition, Fresh Vine Wine Inc. saw 14.12% in overturn over a single year, with a tendency to cut further gains.

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