Investors who are currently looking into the stocks which may have recorded significant gains on Wednesday could do well to take a look at the Elvictor Group Inc (OTCMKTS:ELVG) stock.
On Wednesday, ELVG stock soared 26.25% to $0.0630 with more than 240k shares, compared to its average volume of 232k shares. The stock has moved within a range of $0.0550 – 0.0690 after opening trade at $0.0550.
The stock was in sharp focus yesterday and ended the day with gains of as much as 26% as investors piled on to the stock in a big way. In this context, it is necessary to note that there has been no news about the company yesterday but earlier on in the week on November 29, the company had made an announcement.
At the time, Elevator Group announced that it had hired the services of the company Capital Link Inc for the purpose of public relations, corporate communication and investor relations. In addition to that, Capital Link is also going to provide financial media and industry services to Elevator Group.
It goes without saying that the appointment was an important one for the company. However, at the same time, it remains to be seen if the stock can maintain its momentum on the back of this announcement over the course of the coming days. At this point, it could be a good idea to keep track of all the news that might emerged about Elevator.
ELVG stock is trading in the neutral zone with RSI at 60. The stock has pivot supports at 0.0417, 0.0483, 0.0557 and resistances at 0.0697, 0.0763, 0.0837. The stock is up 26% in the past week.