Allied Corp (OTCMKTS:ALID) Stock retreats From High: What’s The Buzz?

Allied Corp (OTCMKTS:ALID) fell 6% after announcing support of Tactical Games, a veterans organization. The Tactical Games group hosts competitions across the United States where vets and athletes can hone their tactical awareness while participating in a variety of activities. It is vital to note that the TacticalGames have been designed to blend with the fundamentals elements of an athlete.

Traders Corner 

On Tuesday, ALID stock moved down 6.10% to $1.66 with 10.37K share, compared to its average volume of 10k shares. The stock moved within a range of $1.5200 – 1.7900 after opening trade at $1.79                       

Allied Corp Supports Veteran Focused National Organization “Tac-tical Games” as Platinum Sponsor

Allied has joined the Tactical Games as a platinum tier sponsor, joining other national partners. Athletes will be given items from the Company’s veteran-leaning brand Tactical Relief, and the US-Veteran Brand Ambassadors are expected to be on hand to chat to opponents about the Company’s items.

In addition, at every Tactical Games competition, fans and contestants will be given samples of the Company’s products. The events will occur in various locales throughout 2022, including South Carolina, Texas, Utah, Oklahoma, Mississippi, Montana, Ohio, Oregon, Virginia, Kansas, and Iowa, and a major national event destination soon. So, ALID is worth watching in the coming weeks.

Technical Data

ALID stock is Moreover below the 20-Day and 50-Day Moving averages of $1.80 and $1.83 respectively. Moreover, the stock is trading below the 200-Day moving average of $1.60.