Pay Close Attention to the Fisker Stock

Investors may want to keep an eye on Fisker Inc. (FSR).

The stock just broke above double top resistance at $10.34, and could soon challenge $11.

All on news it’s on track to start production of its electric Ocean SUV this year.  The company also announced it already has about 56,000 reservations for the EV.

In addition, the company just reported a loss of 36 cents a share, which was better than expectations for a loss of 41 cents.  It also posted a net loss of $106 million, as compared to the $122.1 million posted in the first quarter of the year.  Better, those 56,000 reservations are up from 45,000 reservations in May 2022.

FSR last traded at $10.41 on a volume spike to 6.3 million shares, as compared to its daily average volume of 5.7 million shares.