Blackwell 3D Construction Corp. (OTC:BDCC) Stock Soars 21% On Expansion News
Blackwell 3D Construction Corp. (OTC:BDCC) was one of the companies that saw its stock going on a strong rally last Friday. The stock ended up with gains of 21%, and it is likely that it would be on the radars of investors this morning.
Blackwell 3D Construction Corp. Eyes Dubai South for Key Expansion in 3D Printing Construction Projects
The company hit the newswires on October 18 after it announced that it had moved its focus to Dubai South and deemed it as the most suitable site for its new partnerships and projects. Blackwell 3D Construction stated that as part of its expansion initiatives, it was looking into opportunities in the fast-growing region. It was also noted that the strategic position of Dubai South and the UAE’s focus on advanced construction technologies were also significant factors behind the decision.
Importance of Dubai South
In the news release, the company noted that Dubai South was fast emerging as one of the favorable regions for development in the UAE. In addition to being close to important logistics hubs, it would also be home to the world’s biggest airport, the Al Maktoum International Airport. Other than that, it is also quite close to the Jebel Ali Port, a major component of the worldwide shipping industry. Additionally, the company stated that there was considerable promise for growth in the infrastructure, real estate, and logistics sectors.
Traders Notes
| +/- EMA(20) | 0.88 (-9.09%) |
| +/- SMA(50) | 0.75 (+6.67%) |
| +/- SMA(200) | 0.85 (-5.88%) |
| 5-Day Perf. | -12.09% |
| 1-Month Perf. | -20.44% |
| 3-Month Perf. | +566.67% |
| 6-Month Perf. | -54.29% |
| YTD Perf. | +60% |
| 1-Year Perf. | -93.79% |
| RSI(14) | 46.02 |
| ATR(14) | 0.15 |
| ADX(14) | 23.08 |
