After a significant new announcement yesterday, it could be a good move for investors to keep an eye on the Medical Care Technologies Inc (OTCMKTS:MDCE) stock this morning. The company announced yesterday that its escrow consignment store named ‘Ship When Sold’ was going to be launched on November 6, 2022.
Trading Data
On Monday, MDCE stock lost 1.79% to $0.0055 with more than 600K shares, compared to volume of 1.22 million shares. The stock moved within a range of $0.0055 – 0.0055 after opening trade at $0.0055.
It was a major new announcement from the company and it would be interesting to see if there is any action in the Medical Care Technologies this week. The escrow consignment store in question is a premium sports memorabilia store which is operated online. The items that are going to be features on the store are going to be of those which are in stock as well as those which may be in escrow.
In this situation, it is important to point out that Medical Care Technologies is currently regarded as one of the more important private brokers in the game used sports memorabilia globally. The company has also managed to break many records by way of generating sales to the tune of millions of dollars every year. It is believed that the escrow store is going to help in adding another source of revenues for Medical Care Technologies.
Technical Data
MDCE stock is trading below the 20-Day and 50-Day Moving averages of $0.0055 and $0.0058 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0063.
