Rocket Lab Corp (NASDAQ:RKLB) is trading 1.5% higher at $81.91 before the bell today, after NASA selected the company to provide three Electron launches, including the PolSIR and TSIS-2 missions. This will expand the company's government ties into defense work even further.
RKLB has struggled since tapping a late-May record high of $151. Should this morning's gains hold, RKLB will snap a five-day losing streak, which yesterday ushered the shares back below the 100-day moving average for the first time since April.
Despite its recent retreat, Rocket Lab stock remains 15% higher year to date. Plus, this recent downward momentum was likely imminent, as the stock's 14-day Relative Strength Index (RSI) of 25 sits firmly in "oversold" territory.
The options pits are pricing in relatively low volatility expectations, too, per RKLB's Schaeffer's Volatility Index (SVI) of 85%, which sits in the 12th percentile of its annual range. Even further, the stock's Schaeffer's Volatility Scorecard (SVS) of 85 out of 100 indicates it has consistently exceeded those expectations during the past year.
