KALY Signals BULLISH - 5 Day Range $0.0082 To $0.0185 - Potential To $0.04
New York, NY -- August 26, 2019 -- InvestorsHub NewsWire -- via www.nextbigticker.com -- Kali-Extracts, Inc. (Kali, Inc. dba/Kali-Extracts, Inc.) (USOTC: KALY) (“KALY”) is being reported today as trending bullish after experiencing a 5-day trading range from $0.082 to $0.0185 on high trading volume. The volume and price shot up hitting the high of $0.0185 on Tuesday last week after the company announced a new patent and trademark application for its CBD Formulation to treat Chronic Obstructive Pulmonary Disease (COPD). The volume and price eased back the rest of the week as the share price consolidated. KALY has also recently announced $15 million in CBD Extraction Contracts with hemp farming operations. The company has an analyst report scheduled for publication this Wednesday, August 28th, 2019 which has the potential to trigger a run back to the company’s 52-week high of nearly $0.04.
Strong Moving Average Performance Fueling Bullish Trend
With the highest volume occurring at the highest prices in the last 5 trading days, the average 5-day share price remains correspondingly healthy. The run to $0.0185 was driven by high volume making the 5-day average substantially higher than the 20 day average.
Five-(5)-Days Moving Average (MA): 0.0117
Twenty-(20.00)-Days Moving Average (MA): 0.0078
Fifty-(50.00) Days Moving Average (MA): 0.0091
The KALY general trend is currently assessed at a hold with a trend direction of bullish.
Other cannabis stocks making news include Kona Gold Solutions, Inc. (KGKG), Terra Tech Corp (TRTC), and Next Green Wave Holdings Inc (NGW).
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