The Republic of Texas Brands, Inc. (OTC: RTXB)
The Republic of Texas Brands, Inc. (OTC: RTXB), despite very low volume, managed to climb over 36% on Friday, July 26th. The stock only traded 197k shares, which, while greater than the day before, still was far below the few weeks prior. The PPS closed above the 10-day moving average, which is a bullish indicator. Combined with an RSI crossover, a bouncing MACD, and the news that was released on Friday, the stock looks prepared to facilitate more volume in hopes of continued gains.
Friday evening, RTXB released a report pertaining to the analysis of their Management’s discussions. The article was well received as it stimulated the 36% gains, however, seemed ill-circulated. The lack of investor attention on the release may have been the cause of the lower than expected volume that was seen Friday.© Copyright 2016 OTC News Magazine. All rights reserved.