Affluence Corporation (OTCMKTS:AFFU) Stock Surges 9% On Unusual Volume: But Why?
Affluence Corporation (OTCMKTS:AFFU) was up 9% as the stock continued its rally mode following the Situational Awareness software platform launch dubbed a game-changer of airport security management. Shares for the company are 23% up since the middle of November.
Market Stats
On Wednesday, AFFU stock gained 8.60% at $0.1048 with more than 49k shares, compared to its average volume of 260K shares. The stock has moved within a range of $0.0900 – 0.1090 after opening trading at $0.0964.
Launching Situational Awareness Software Platform
The news came after the company announced record Q3 revenue, which almost doubled. The company enters Q4 with a massive revenue-generating tailwind expected to make the surge in Q3a precursor for great things expected. After the new launch of the software platform capturing investors’ attention, the stock’s 52-week high of $0.67 could be in the pipeline.
It is vital to note that the stock is making its bullish case, and besides the record quarterly revenue, the Monday announcement adds to the stock’s value proposition. The company announced that its subsidiary, OneMind Technologies created the Situational Awareness software solution for airport terminals. This breakthrough product is likely to be a massive revenue driver next year for AFFU. So, in the coming months, investors should watch AFFU.
Traders Corner
AFFU stock is trading in neutral zone with the RSI at 43. The stock has key supports at 0.0745, 0.0823, 0.0935 and resistances are 0.1125, 0.1203, 0.1315. The stock is down 70% in the past month.
