Acorn Energy Inc (OTCMKTS:ACFN) Stock Consolidates After The Recent Gain

Acorn Energy Inc (OTCMKTS:ACFN) has made a name as a provider of remote monitoring and control systems, but at the same it should be noted that the company is also involved in the Internet of Things or IoT sector.

Market Stats

On Monday, ACFN ended flat at $0.60 with more than 34K shares, compared to its average volume of 28K shares. The stock has moved within a range of $0.5400 – 0.6000 after opening trading at $0.56.

Latest Buzz

Over the course of the past week, the Acorn Energy stock has been one of the notable movers and has managed to generate gains of as much as 9% during the period. Yesterday, the company was in the news once again after it announced that it was going to be one of the participants at the Lytham Partner’s Winter Investor Conference.

It should be noted that the participation in such conferences can often prove to be a major boon for any company which is looking to attract investors and the situation is the same for Acorn Energy. The company’s participation at the event is going to commence on 13 December at 11 a.m.

Eastern Time when it is going to be involved in a management fireside chat. In this regard, it may be important to note that the fireside chat is going to be made available through a webcast as well and investors could do well to check it out when they can.

Traders Corner

ACFN stock is trading above the 20-Day and 10-Day Moving averages of $0.5850 and $0.5850 respectively. The stock is trading in the neutral zone with RSI stands at 52.