Movement Industries Corporation (OTCMKTS:MVNT) Heading Higher?

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


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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