HPIL Holding (OTCMKTS:HPIL) Ready To Bounce?

HPIL Holding (OTCMKTS:HPIL) is moving higher on Friday. Is this the start of something big?

Market Action

As of 11:56, HPIL stock is trading higher by about 22.22% at $0.0022 with more than 243.34 million shares have traded hands. After opening at $0.0019, the stock has been moving within a range of $0.0017-$0.0038.

HPIL Releases News

HPIL Holding issued a press release after the market opened on Friday.

FINRA has approved the official name change of the company to CYBERNETIC TECHNOLOGIES LTD.

“I am looking forward to the Q & A on the 28th, so I can squash any misconceptions and rumours and get this company back on the track as we are aggressively doing so”, said Stephen Brown, CEO.

Trader Notes

After getting beat up for 6 days straight, shareholders of HPIL are enjoying an up day. HPIL is trading below its 5,10, and 20 Moving averages but above the 50 and 200. Potential pivot points to watch are .0022, .0026 and .0036 above and .0015, .0012 and .0005 below. If the gains hold today the HPIL rally may continue.

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