Nitches Inc (OTCMKTS:NICH) Stock Sees Bullish Action: Jumps 10%
Diversified firm Nitches Inc (OTCMKTS: NICH) was in significant focus among investors on Wednesday after it made an announcement with regards to the fact that the two year audits had been concluded by a PCAOB audit firm.
Market Stats
On Wednesday, NICH stock gained 8.76% at $0.1849 with more than 163k shares, compared to its average volume of 36k shares. The stock has moved within a range of $0.1200 – 0.2200 after opening trading at $0.17.
Completes Two Year PCAOB Audit
The news came as a source of considerable bullish sentiments about the Nitches stock and it ended the day with gains of as much as 9%. In this context, it is also important for investors to keep in mind that Nitches is primarily involved in the creation of merchandise, luxury brands and collectibles among others for celebrities and influencers.
Yesterday, the company noted that it had engaged a PCAOB auditing firm for the purpose of a two year audit and after the completion of the same, the document has been uploaded to the OTC Markets website.
John Morgan, who is the Chief Executive Officer of the company, stated that the completion of the audit was an important step for the company in its quest to bring greater transparency and it could add significant value for shareholders as well. In light of the latest gains made by the stock, it might be a good move to add the stock to your watch lists at this point.
Traders Corner
NICH stock is trading above the 20-Day and 50-Day Moving averages of $0.14 and $0.09 respectively. The stock is trading in oversold zone with the RSI at 69. The stock is up 33% in the past month.
