AppSwarm Inc (SWRM)

[SteveKing]

Majorpennystocks.com Reports on San West Inc (OTC:SNWT)

Company Background
San West Inc (OTC:SNWT) is engaged in designing, manufacturing, selling, and repairing of off road, buggies in California. Based in Santee, California, the company also offers after market performance products and accessories for its buggies. The company manages its primary services outlet in Huntington Beach, California by the name of Letz Go Racing Off Road Center. The respective outlet provides modification parts, accessories and services of off road buggies. The company’s products are mainly manufactured in China.

Technical Analysis
San West Inc (OTC:SNWT) surged 10 percent in its last trading session to $0.0088 with traded volume of 14.84 million shares. The heavy traded volume depicts a strong bullish trend as the share price traded with 558,250 shares per day on average. The company’s total outstanding common stock accumulates up to 227.67 million shares out of which 164.47 million shares are floated in the stock market. Insiders hold almost 51.45 percent of the company’s total outstanding shares.

The share price maintains the beta value of 3.58 times which shows that the SNWT is likely to move by 3.58 times against one point change in market index.

Looking at its price history the share price has been traded within the prices ranges of $0.008 to $0.05 in last one year. This can also be derived from the respective price history that the share price is likely to find support at $0.008 while resistance could be seen at the level of $0.05.

The share price is trading at a relative strength index of 44.89 which shows that the stock has considerable margin for upward movement.