This morning the TAAT Global Alternatives Inc (OTCMKTS:TOBAF) stock is expected to come into focus among investors after it performed strongly last week and managed to clock gains of as much as 10% as a consequence.
Trading Data
On Friday, TOBAF stock gained 0.34% to $1.11 with more than 121K shares, compared to its average volume of 98K shares. The stock moved within a range of $1.0700 – 1.1350 after opening trade at $1.07.
TAAT™ Launches in Over 300 Stores in Puerto Rico and Houston, Texas
This past Friday the company came into focus among investors in a big way after it announced that all three varieties of TAAT products were going to be launched in as many as 180 new retail stores. The stores in question are situated in Houston, Texas, which is the fourth biggest city in the United States and hence, the move could in fact prove to be a significant boost for TAAT Global in the medium to long term.
In addition to that, the company also announced that the products were also going to be launched in as many as 120 new retail stores located in Puerto Rico. Investors also need to note that the company has also devised marketing programmes which are going to run in conjunction with the launch of the new stores.
At this point in time, it may be a good idea for investors to consider having the stock in your watch lists and watch for further moves.
Technical Data
TOBAF stock is trading below the 20-Day and 50-Day Moving averages of $1.22 and $1.46 respectively. Moreover, the stock is trading below the 200-Day moving average of $2.46.
