In recent days, the Dream Homes and Development Corporation (OTCMKTS:DREM) stock has been in the middle of a strong move and it continued yesterday as the stock ended up with gains of as much as 5%. That took the gains made by the stock over the course of the past week to as much as 18%.
On Tuesday, DREM stock moved up 5.40% to $0.10 with 17K shares, compared to its average volume of 9K shares. The stock moved within a range of $0.1000 – 0.1000 after opening trade at $0.10.
Dream Homes & Development Corp. (OTCPK: DREM) files 2021 10K Annual Report; Business Plan evolves to focus on “Build to Lease”
Yesterday, the company came into focus after it announced that it had filed its annual report for the year that ended on December 31, 2021. In light of the gains made by the stock, it may be a good time for investors to consider taking a closer look at it.
The company announced that in light of the letters of intent that is signed and due to the four developments that it owns, the revenues from the projects touch as much as $108 million. The projects are going to be worked upon by Dream Homes and Development Corporation over the course of the next three to four years. At this point in time, it may be a good idea for investors to consider adding the stock to their watch lists and watch the price action in the stock.
DREM stock is trading above the 20-Day and 50-Day Moving averages of $0.081 and $0.079 respectively. Moreover, the stock is trading is the oversold zone with RSI stands at 71.