Ozop Energy Solutions Inc (OTCMKTS:OZSC) has continued to be on the radars of investors over the past few days and on Wednesday, the trend continued as the stock ended the day with gains of 11%. In this regard, it is necessary to point out that in the past week the stock has gone up by as much as 50%.
Trading Data
On Wednesday, OZSC stock soared 11.40% at $0.0665 with more than 87.14 million shares, compared to its average volume of 43 million shares. The stock has moved within a range of $0.0597 – 0.0755after opening trade at $0.060.
Major Driver
Although there was no fresh news about the company yesterday, it seems that the gains yesterday were merely a case of continuation of the rally that had commenced last week. Back on November 10, the company announced that it was confident in its business moving into 2022 in light of the new infrastructure bill that had been passed in the United States.
The bipartisan bill passed by the United States House of Representatives is worth as much as $1 trillion and Ozop Energy believes that its business could benefit from it. As per the provisions of the bill, the power infrastructure of the country is all set to be modernised in order to support fresh renewable energy projects. The company noted that such a move is expected to be beneficial to its business and objectives.
Technical Data
OZSC stock is trading above the 20-Day and 50-Day Moving averages of $0.0488 and $0.0451 respectively. However, the stock is trading below the 200-Day moving average of $0.0908. The stock is up 21% in the past 3-month.
