The REMSleep Holdings Inc (OTCMKTS:RMSL) stock may have had a pretty tough time in the markets for a few days but last Friday it managed to make a bit of a recovery and jumped by as much as 27%.
Market Action:
On Friday, RMSL stock gained 26.56% at $0.0142 with more than 25.66 million shares, compared to its average volume of 18.03 million shares. The stock has moved within a range of $0.0112 – 0.0151 after opening the trade at $0.0120.
Recent News
However, despite the strong recover, it is necessary to keep in mind that the stock is down by as much as 28% in the past week. However, in this regard it is necessary for investors to keep in mind that there was no specific news about the company that could have led to such strong gains. In fact there has not been any news about the company for many months.
The last time any news emerged about REMSleep was back on June 1. At the time, the company had made an announcement with regards to the fact that it had hired the services of the company Empirical Technologies Corp. Empirical had been hired for concluding the 510K process for REMSleep.
The company also pointed out that it had become restless with the speed at which the whole submission process had been going forward. Hence, it decided to hire the services of professionals. At this point, investors could add the REMSleep stock to their watch lists.
Technical Data
RMSL stock is trading below the 200-Day and 50-Day Moving averages of $0.0149 and $0.0175 respectively. Moreover, the stock is trading below the 20-Day moving average of $0.0196. The stock is up 1800% in the past 3-month.
