Analysts and other stock market experts often talk about looking into stocks that may be gaining momentum and if you are looking into such stocks then it could be a good move to look into the Virtual Interactive Technologies Corp (OTCMKTS:VRVR) stock.
Market Action
On Wednesday, VRVR stock ended up 2.13% to $2.40 with 100 shares, compared to its average volume of 526 shares. The stock moved within a range of $2.4000 – 2.4000 after opening trade at $2.40.
Virtual Interactive Technologies Corp. Has Entered into an Exciting New Partnership with Award Winning Future House Studios to Develop Augmented Reality Content
The stock gained momentum yesterday and in order to have a better understanding of the momentum, it may be a good idea to take a look at the announcement made yesterday by the company. The gaming company which operates across platforms, announced yesterday that it had inked a Memorandum of Understanding with the Pleasant Grove based company Future Grove Studios.
As per the terms of the agreement between the two companies they are going to collaborate on the development and financing of augmented reality attractions meant for theme parks and adventure parks among others. It is an agreement that could propel the company into new heights and hence, it was perhaps now surprise that the Virtual Interactive Technologies stock managed to gain momentum on Wednesday.
At this point in time, it may be a good idea for investors to perhaps add the stock to their watch lists and watch for further developments.
Key Quote
“We could not be more excited about this partnership with Virtual Interactive Technologies”, said Adam Sidwell, Founder and Head of Studio for FHS. He added, “we believe that there is large market for the kind of solution we are teaming with VRVR to create.”
Traders Note
VRVR stock is trading above the 10-Day and 20-Day Moving averages of $2.36 and $2.98. Moreover, the stock is trading is the neutral zone with RSI stands at 58.
 Stock Gains Momentum: Here is Latest News){kind=link}