KALY Signals BULLISH - 5 Day Range $0.0082 To $0.0185 - Potential To $0.04
August 26 2019 - 10:16AM
InvestorsHub NewsWire
KALY Signals BULLISH - 5 Day Range
$0.0082 To $0.0185 - Potential To $0.04
New York, NY --
August 26, 2019 -- InvestorsHub NewsWire -- via
www.nextbigticker.com -- Kali-Extracts, Inc. (Kali, Inc. dba/Kali-Extracts, Inc.)
(USOTC:
KALY) (“KALY”) is being reported today as trending bullish
after experiencing a 5-day trading range from $0.082 to $0.0185 on
high trading volume. The volume and price shot up hitting the
high of $0.0185 on Tuesday last week after the company announced a
new patent and trademark application for its CBD
Formulation to treat Chronic Obstructive Pulmonary Disease
(COPD). The volume and price eased back the rest of the week
as the share price consolidated. KALY has also recently
announced $15 million in CBD Extraction Contracts
with hemp farming operations. The company has an analyst report
scheduled for publication this Wednesday, August 28th,
2019 which has the potential to trigger a run back to the company’s
52-week high of nearly $0.04.
Strong
Moving Average Performance Fueling Bullish
Trend
With the highest
volume occurring at the highest prices in the last 5 trading days,
the average 5-day share price remains correspondingly
healthy. The run to $0.0185 was driven by high volume making
the 5-day average substantially higher than the 20 day
average.
Five-(5)-Days Moving Average
(MA): 0.0117
Twenty-(20.00)-Days Moving
Average (MA): 0.0078
Fifty-(50.00) Days Moving
Average (MA): 0.0091
The KALY general
trend is currently assessed at a hold with a trend direction of bullish.
Other cannabis stocks making news include
Kona Gold Solutions, Inc. (KGKG),
Terra Tech Corp (TRTC),
and Next Green Wave Holdings Inc
(NGW).
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