Today’s Alert: Abby, Inc (ABBY)
As promised, meet our momentum play that is currently about to break out big time.
ABBY has been climbing the
charts recently, running from $0.04ish to $0.09, before settling the
past few days and closing at $0.079 yesterday.
ABBY is breaking out before our eyes, and it’s just about to break through $0.10 resistance.
Get in ABBY now before it breaks through and tests its next point of resistance at $0.25.
But let me make something clear here. ABBY is a multi-day / multi-week proposition.
We think tomorrow could be big, yes. But we have strong reason to believe that ABBY could have a big run next week too.
=>> Barchart.com gives ABBY its strongest rating <<=
Abby, Inc (ABBY) is an OTCQB listed, US based company.
ABBY is in a definitive merger
agreement with T1O Events and Promotions, where it will focus on the
co-ordination, marketing and delivery of events that assist
corporations and non-profits with their successful fundraising
Events & Promotions works with its clients to create the best in No
Hassle Fundraising events, by working with Food Trucks, raising funds
for non-profits, organizing corporate events, catering and much more.
Currently, ABBY is working on its 2014 schedule for Southern California’s first adult themed Mobile Food Truck Tour,
called "Trucks and Tatas", aimed at adults aged 21 years and older.
Working with local craft brewers, vineyards and boutique spirit
distillers, the event will attract adult consumers looking for a fun,
casual adult atmosphere without the many social constraints of the
typical family day food truck events.
This could be a big revenue spinner for the Company.
Food Truck industry is in a strong growth phase, with forecasted 2.7
billion dollar revenues by 2017, up from an estimated $650 million in
goal is to secure a big piece of this growth by aggressively
advertising and marketing its services, and delivering the highest
quality events to consumers.
Just last week, ABBY released news that saw its share price rise substantially.
ABBY‘s plans is to provide a race course that is more appealing to the entry-to-moderate endurance race seeker.
to the Company, The Endurance Obstacle Industry is a $250 million a
year industry and is projected to grow for many years.
So now we know more about the company, let’s focus back on the chart.
As you can see, ABBY has had a nice run, but now it has stalled, waiting for the next move higher.
Often we see charts that have had a big run, sell off fast. Not ABBY. There little selling here.
We are anticipating a strong move higher over the coming days/weeks, starting tomorrow.
And we also may receive some news from the Company today, so you will be the first to know if this is the case.
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