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Nitches Inc. (OTC:NICH) Stock Takes a Hit: What’s the Buzz?

On Wednesday, the shareholders of Nitches Inc (OTC:NICH) did not have a particularly great time as the company’s stock went through a steep selloff and ended up with a decline of 19%. Can it make a recovery today?

New Product

Despite the price action in the stock, on Wednesday Nitches introduced the InTheZone Focused Extreme product, the latest offering from the company’s InTheZone Labs line of products. In the news release, the company announced that the product had been engineered in such a way so as to deliver the highest level of cognitive performance.

The product would enable enhancement of memory and focusing capabilities and maintain mental strength in high-stress situations. The company also announced that the product would be suitable for athletes, professionals, or students who need to be hyper-focused and deliver strong performances consistently.

Further Details

The company went on to state that demands of modern life were getting increasingly tough, and in such a situation, individuals needed to maintain their mental clarity and focus. The InTheZone Focused Extreme product was designed by the company to enable doing so.

It was developed through a formulation of a range of science-backed ingredients geared towards the enhancement of an individual’s cognitive prowess. This morning investors are expected to look for a quick turnaround in fortunes for the Nitches stock.

Technicals

+/- EMA(20)0.3842 (-97.68%)
+/- SMA(50)2.18 (-99.59%)
+/- SMA(200)27.4753 (-99.97%)
5-Day Perf.-11%
1-Month Perf.-99.62%
3-Month Perf.-99.75%
6-Month Perf.-99.96%
YTD Perf.-99.99%
1-Year Perf.-99.98%
RSI(14)17.14
ATR(14)0.12
ADX(14)66.42

Published by Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.