Technical outlook – The leading indicators Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) pattern are currently breaking down. If this pattern continues, then it is ascertained that prices will continue the down the bearish path and potential unfold towards the short-term target of $1.00. Reassess from there.
Company Overview – Catapult Group International Limited (CAT) is a global sports analytics company that provides elite sporting organisations and athletes with detailed, real-time data and analytics to monitor and measure athletes. Its products have been used by more than 500 sports teams and organisations worldwide. Its product suite encompasses a range of hardware and software solutions.