Relative Strength Small Cap Spectrum Play Nearing Explosive Breakout
NextNav (NN) shares of the small cap high growth spectrum play are coiling in a tight wedge and hitting the ready-to-run scan as MACD crosses higher and the stock having held above its 200 day EMA all month during the market chaos. NN has impressive relative strength as a more speculative small cap that delivered rock solid earnings results in mid-March that likely would have rallied above 13-14 if the tariff selloff didn’t liquidate all stocks. NN now sets up cleanly for a breakout above 13 and potential to see a fast move towards 15-16 for a solid percentage gain possibly with risk reward being managed against the 10.50 recent low. NN has a lot of bullish open interest still with 10,000 September $10 ITM calls holding as well as 10K January 2027 $20 calls and over 15K Jan 2026 $15 calls in OI.