Not too long ago the Advantego Corporation (OTCMKTS:ADGO) stock was trading within a range but on Monday the stock finally broke out in a big way and ended the day with gains of as much as 50%.
However, there was no news about the company that might have acted as a trigger for the rally in the stock. The rally seemed completely random. However, in this context, it is perhaps important to point out that in July this year, the Advantego stock had actually gone through a period of a strong selloff.
However, even that selloff was not triggered by any news but seems completely random in nature. In this scenario it is perhaps prudent for investors to have a bit of an idea about the company’s business. The company is involved in the development of innovative products that are meant for plugging specific demand gaps in the market.
Advantego has actually claimed that it has the expertise and the skills to identify the right opportunities in the market before deciding on the development of any product. However, in the absence of any news it might be a good idea to keep an eye on any news wires for any fresh development about Advantego.