FOMO Corp (OTCMKTS:FOMC) Stock Suddenly Gains Momentum: What’s The Buzz?

This morning, the FOMO Corp (OTCMKTS:FOMC) stock is expected to come into focus on the radars of many investors today after it emerged as one of the notable gainers on Thursday and ended the day with gains of as much as 7%.

Trading Data

On Thursday, FOMC stock moved up 7.14% to $0.0008 with more than 13.16 million shares, compared to its average volume of 110.14 million shares. The stock moved within a range of $0.0007 – 0.0009 after opening trade at $0.0007.

Fomo Corp. Issues February Newsletter And Shareholder Update

The FOMO stock came into focus yesterday after the company announced that it had released its newsletter for the month of February. The release of the newsletter is an important development for the company as well as for its shareholders since it provides information with regards to the considerable progress that the company may have made.

The progress in question is with relation to FOMO’s work regarding the creation of healthy, clean and energy efficient buildings. In addition to that, the company has also been working on the integration of audio as well as video technologies in the field of education and commercial buildings.

The newsletter also charts out the progress made by FOMO on those two fronts. In light of the rally in the stock yesterday, it is going to be interesting to see if the FOMO stock can manage to hold on to its momentum and add to its gains today.

Technical Data

FOMC stock is trading below the 20-Day and 50-Day Moving averages of $0.0010 and $0.0009 respectively. However, the stock is above 200-Day moving average of $0.0021.