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SpaceX (SPCX) Price Forecast: In the Nasdaq-100 Now

SpaceX (SPCX) Price Forecast: In the Nasdaq-100 Now

TradingKey – Space Exploration Technologies (NASDAQ: SPCX) officially became a Nasdaq-100 member on July 7, and the required purchases by QQQ and other Nasdaq-100 index-tracking funds have been finished. It is now trading at $158.77, or about 1% higher on the day, but it is still less than the $160.96 level that I mentioned in yesterday’s pre-inclusion analysis and much less than the $164.19 closing price after the announcement of the June 30 mobile partnership with Charter. It has an RSI (relative strength index) of 48.44, which is a neutral number, and is testing the bottom of the $149.92-$155.93 triple-bottom support level.

However, once the Nasdaq-100 inclusion is behind SPCX, there’s a shift in the discussion away from the index…

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