Shares of Arcimoto FFUV have been getting attention from several social media influencers as they rise in this bullish wedge formation. We are watching for a potential breakout as the wedge pattern plays out. Arcimoto makes affordable, ultra efficient, small-footprint electric vehicles. Arcimoto's outsize gains began in the days following its first-quarter financial report for the period ended March 31. But the stock also got a boost with the announcement that it will be joining the Russell 2000 and Russell 3000 stock market indexes with their annual reconstitution starting next week.
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