Triad Pro Innovators Inc (OTCMKTS:TPII) Stock Continues to Trend Lower: But Why?

The Triad Pro Innovators Inc (OTCMKTS:TPII) stock could be the one to watch today considering the sort of move it has made over the course of the past week. During the period, the Triad Pro stock has managed to clock gains of as much as 12%.

Trading Data

On Wednesday, TPII stock  fell 2% to $0.0245 with more than 534K, compared to its average volume of 1.04 million shares. The stock has moved within a range of $0.0243 – 0.0300 after opening trade at $0.0300.

Sales, Distribution, and Production Update for SPREE Solar-Powered Golf Carts

As it happens, the company was in the news yesterday as well after it provided an update with regards to the production, sales and distribution of the product SPREE, the solar powered golf cart that is sold by Triad Pro. It should be noted that it is first solar powered gold cart in the world.

Triad Pro announced yesterday that not too long ago in September it had signed a distribution agreement with the company San Tan, which is based out of Phoenix. Yesterday, the company noted that the initial reaction to SPREE has been hugely positive from San Tan’s customers.

Murray Goldenberg, who is the Chief Executive Officer of Triad Pro noted that San Tan already started taking deliveries of production units and have also been eager to receive more SPREE carts. Triad Pro also pointed out that the additional SPREE carts are still being completed.

Technical Data

TPII stock is trading in the neutral zone as RSI stands at 41. The stock has pivot supports at 0.0168, 0.0206, 0.0225and resistances at 0.0282, 0.0320, 0.0339. The stock is down 17% in the past month.