Artificial Intelligence Technology Solutions, Inc. (OTCMKTS:AITX) traded lower today after issuing news.
Market Action
Shares of Artificial Intelligence Technology Solutions, Inc. (OTCMKTS:AITX) closed Monday at .078 down .0055 on the day. Shares lost 6.5% of their value. Trading started off strong but the opening print of .09 ended up being the high of the day. The volume and number of trades were both below their 30 day averages.
AITX Releases News
AITX released news Monday. Here are a few highlights.
Artificial Intelligence Technology Solutions, Inc. announced that its wholly-owned subsidiary Robotic Assistance Devices, Inc. (RAD) has received a 17 unit order through one of the company’s largest authorized dealers.
The end-user for this paid pilot program is a global retailer with over 15,000 locations in the US alone.
The primary application for these units will be to use RAD’s proprietary autonomous functionality to actively identify and deter illegal loitering, vagrancy and other related criminal and nuisance activities that are regularly happening outside of the client’s retail locations.
Traders Notes
AITX is still coming off it’s April bounce from .05 to .119. .077 has acted as support for the last three sessions but the stock is looking like it wants to head lower here. If things don’t turn the next stop would appear to be .05 which was resistance in late 2020 and early 2021.
Pivot points to keep an eye on are .089, .095, and .108 above and .077, .071 and .059 below.
AITX is trading below its 5,10,20,50 and 100 day moving averages.
Todays news appeared to be positive and a potential catalyst for a rally. Considering the open was the high of the day, AITX may still be headed lower.
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