Jun 4, 11:31 PM

Russell 2000 $IWM Breakout Signs Amid Stagflation; $WKSP Reports Strong Sales, CEO to Discuss Growth

The US small-cap stock index, represented by the Russell 2000 ETF ($IWM), is showing signs of a potential breakout after achieving two consecutive closes above its 100-day moving average for the first time in four months. Market analysts have noted that $IWM is attempting to break out from an inverse head and shoulders pattern combined with a downtrend line, indicating possible bullish momentum. This movement is occurring amid broader market activity where major indices like $SPY and $QQQ are also under observation for breakout trends, reflecting a stagflationary environment. In related small-cap news, Workspace Group ($WKSP) has reported over $1 million in sales for April and projects revenue between $20 million and $25 million for 2025. The company holds over $5 million in cash and is ISO 9001:2015 certified. $WKSP's CEO is scheduled to discuss the company's business and growth prospects in an upcoming session, with investors watching for increased trading volume and a price move above $3.38. Despite slower activity in the small-cap sector, $WKSP is maintaining a price above $3, contributing to the positive sentiment around small-cap stocks.

#US #Russell #Workspace Group #ISO

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