Technology company SPYR Inc (OTCMKTS:SPYR) could well be the company to watch loosely today in light of the considerable gains recorded by its stock in recent days. Yesterday, the stock was in the middle of a strong rally yet again and ended the day with gains of 17%, thereby stretching the gains made over the course of the past week to as much as 31%.
On Tuesday, SPYR stock surged 16.58% to $0.0710 with 245k shares, compared to its average volume of 95.65K shares. The stock has moved within a range of $0.0570 – 0.0850 after opening trade at $0.0570.
SPYR Technologies Affiliate Applied Magix Introduces the MagixBlock USB DataBlocker as a Stand-Alone Product of Its Line of Totally Convenient™ Products
As a matter of fact, the company came into sharp focus yesterday after it introduced its latest product, the MagixBlock USB DataBlocker as part of a single package. It was a major announcement from SPYR and seemed to have fired up the imagination of investors in a big way.
The product combines both the USB-C and the USB-A versions of the product in one single package. The product in question is going to be limited for purchase and each customer is going to be able to buy three only.
However, it has now been made available on the SPYR website and it is going to be a lot easier for customers to get their hands on it. It might not be a good time for investors to add the SPYR stock to their watch lists as well.
“While our customers primarily use the MagixBlock DataBlocker to prevent their car’s not-so-smart system from interfering with MagixDrive operations, many have asked to have MagixBlock made available separately,” said Applied Magix CEO Dr. Harald Zink. “This way our customers can use our exemplary product to protect their iOS devices while traveling.”
SPYR stock is trading above the 20-Day and 50-Day Moving averages of $0.0576 and $0.0526. Moreover, the stock is trading is the neutral zone with RSI stands at 57.