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Protocall Technologies Inc (OTCMKTS:PCLI) Stock Continues to See Selling Pressure

Madison Hall , , , ,

Last Friday, there were a number of stocks which ended the day with significant declines and one of those was the Protocall Technologies Inc (OTCMKTS:PCLI) stock which went down by as much as 10%.

Market Stats

On Friday, PCLI stock fell 10% to $0.0018 with more than 16.67 million shares, compared to its average volume of 11.42 million shares. The stock moved within a range of $0.0018 – 0.0023 after opening trading at $0.0021.

Latest News

While the decline in the stock may have been considerable, it is perhaps also necessary for investors to keep in mind that there was no news about the company that could have led to the decline. As it happens, the last time that PROTOCALL TECHNOLOGIES was in the news was back on November 5 last year when it made an announcement with regards to the acquisition of JR Development LLC.

It was a major acquisition for the company and it may be a good move to take a closer look. JR Development LLC was a real estate development firm that is based out of Idaho at the time. PROTOCALL decided to acquire a 100% stake in the company and after the transaction it became its fully owned subsidiary company. That being said, it is quite unlikely that the decline in the stock price had anything to do with the acquisition. Hence, it may be a good time to keep an eye on the stock.

Traders Corner

PCLI stock is trading below the 20-Day and 50-Day Moving averages of $0.0017 and $0.0021 respectively. The stock is trading in the neutral zone with RSI stands at 50.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.