Software developer and mobile app aggregator AppSwarm Corp (OTCMKTS:SWRM) has seen its stock make a steady upward move over the course of the past week. During the period, the stock has managed to clock gains of 4% and it might just be the right time for investors to look into AppSwarm a bit more closely.
Market Action:
On Thursday, SWRM stock gained 0.46% at $0.0110 with more than 13.52 million shares, compared to its average volume of 25.25 million shares. The stock has moved within a range of $0.0105 – 0.0121 after opening the trade at $0.0118.
AppSwarm Begins Beta Testing Smart Watch Device for Health and Human Longevity Market
There was no news about the stock yesterday but earlier on in the week the company had announced that it had started the beta testing phase of it branded smart watches. The wearable smart watches are going to be a part of the fast growing wearable health and longevity space.
It goes without saying that it was a major announcement from the company considering the fact that AppSwarm could potentially make its entry into a highly lucrative market. The company noted that its branded smart watches are going to provide the users with health data on real time.
In addition to that, AppSwarm is also going to provide add on services that are going to be subscription based. The company also added that the team of developers are going to start working testing the functionality of the product and data integration.
Key Quote:
Chris Bailey, the CEO of AppSwarm, Corp., commented, “Our core mission is to develop technologies and applications for the betterment of mankind. Data has shown technology has had a negative effect on human health, both physical and mental, from the rise of metabolic diseases, depression, and anxiety. But we feel technology, deployed properly, can also be used to refocus human behavior back to a more positive aspect. Our focus on smart devices geared towards human health goes towards our mission to leverage technology that can potentially assist society and expand human longevity.”
Traders Note:
SWRM stock is trading below the 20-Day and 50-Day Moving averages of $0.0118 and $0.0118 respectively. Moreover, the stock is trading below 200-Day moving average of $0.0136. The stock is up 52% in the past 3-month.
