PURA 50 Day MA Breakout Imminent On Sales Growth And Cannabis Market Momentum
January 29 2021 - 9:45AM
InvestorsHub NewsWire
January 29, 2021
-- InvestorsHub NewsWire -- via pennymillions -- Puration, Inc. (USOTC:
PURA) is on the verge of a technical breakout. The 50 Day
and 200 Day Moving Averages (MA) have converged, and the 50 Day MA
is ready to breakout above the 200 Day MA triggering a likely run
that could take PURA from its $0.017 PPS back to its $0.11 52-week
high.
PURA has recently announced
continued sales growth anticipated in 2021 from the ongoing sales
of its EVERx CBD Sports Water.
PURA has also recently launched an
ambitious hemp lifestyle branding initiative and singed up Alkame
Holdings, Inc. (ALKM)
and PAO Group, Inc. (PAOG)
as partners.
With a more cannabis friendly
administration now in the White House, in addition to PURA’s own
growth and innovation progress, PURA could get a boost from overall
cannabis market momentum.
PURA is a North American Cannabis
Holdings, Inc. (USMJ)
spinoff and USMJ has of late been on a tear.
Source - https://www.pennymillions.com/blog/pura-50-day-ma-breakout-imminent-on-sales-growth-and-cannabis-market-momentum
SOURCE: pennymillions
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