Breakout Coming? Farmmi Inc (NASDAQ:FAMI) Announces Positive News

Farmmi, Inc (NASDAQFAMI) is moving slightly higher in the opening session on Tuesday after the news.

Market Action

As of 10:04, FAMI stock gained 0.85% to $0.4381 on volume of 6.32 million shares, compared to its daily average volume of 25.65 million shares. The stock has moved within a range of $0.4351 – 0.4495 after opening the trade at $0.4406.

Farmmi Announces Latest Sales Win; Strong Global Demand Accelerates Growth

  • announced its latest sales win, as strong global demand accelerates its growth. The Company’s Zhejiang Forest Food Co., Ltd. subsidiary won another follow-up, multi-product order for export to Israel.  This latest sales win is for dried whole and sliced Shiitake mushrooms, and dried black fungus.

Ms. Yefang Zhang, Farmmi’s Chairwoman and CEO, commented, “Strong global demand is accelerating Farmmi’s growth.  We are advantaged in our global market position, with long-term, deep supplier relationships and a reputation with customers for excellence as a reliable, supplier of high-quality agriculture products worldwide.  We continue to leverage our strong competitive position as we drive growth and strive to gain market share.”

Pivot Points

NameS3S2S1Pivot PointsR1R2R3

Moving Averages

+/- EMA(20)0.48 (-8.33%)
+/- SMA(50)0.76 (-42.11%)
+/- SMA(200)1.00 (-56.00%)

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