Movement Industries Corporation (OTCMKTS:MVNT) is moving higher Wednesday after trending lower for the last few weeks. The stock bounced nicely off .05. This may be a good sign as many other OTC stocks are down today with the overall market.
Market Action
As of 11:24 MVNT is trading at 0.072 up 0.013 gaining 22.05% so far on the day. Volume is 8.105 million shares. MVNT opened at 0.0526 and has traded in a range between 0.0525 and 0.0793.
Movement Industries Provides Update
Movement industries provide a recap of all its major achievements of the past year
- None of the directors, officers, or employees have sold their private placement shares. The company acquired Hi- Alloy Valve, LLC and even expects several other mergers or acquisitions by 4Q21.
- The company expects to be OTC QB qualifier by 3Q21 by future mergers and acquisitions.
- The company had a plan to achieve $100 million revenue through mergers and acquisitions, and now the company has a plan to meet this goal.
In closing, Mr. Nguyen had this to say, “Despite the difficulties of Covid, we expect the coming year to be a breakout year for us in terms of revenue growth. I would like to thank all our shareholders, investors, employees, customers, clients and partners for the support they have shown us throughout this difficult time and we look forward to an exciting and prosperous rest of 2021 and beyond.”
Trader Notes
Share Information
| SHARES OUTSTANDING | 316.35 M |
| SHARE FLOAT (%) | – |
| % HELD BY INSTITUTIONS | – |
Recent Stock Performance
| 5-DAY PERF. | -5.35% |
| 1-MONTH PERF. | +242.40% |
| 3-MONTH PERF. | +170.18% |
| 6-MONTH PERF. | +96.56% |
| YTD PERF. | +203.27% |
| 1-YEAR PERF. | +643.00% |
Moving averages
| +/- EMA(20) | 0.0635 (+17.01%) |
| +/- SMA(50) | 0.0388 (+91.49%) |
| +/- SMA(200) | 0.0293 (+153.58%) |
Pivot Points
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
| Classic | 0.0264 | 0.0365 | 0.0477 | 0.0578 | 0.0690 | 0.0791 | 0.0903 |
| Fibonacci | 0.0365 | 0.0446 | 0.0496 | 0.0578 | 0.0659 | 0.0709 | 0.0791 |
Technical Indicators
| Symbol | Value | Result | Symbol | Value | Result |
| ADX | 15.1948 | Neutral | ATR14 | 0.0158 | |
| CCI20 | -4.6513 | Neutral | Chaikin Money Flow | 0.1596 | Buy |
| MACD | 0.0112 | Buy | Money Flow Index | 55.2040 | Sell |
| ROC | -1.6667 | Sell | RSI | 51.5147 | Sell |
| STOCH (14,3) | 38.7940 | Sell | STOCH RSI | 0.0000 | OverSold |
| UO | 45.4809 | Sell | Williams %R | -61.2060 | Neutral |
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