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Alias Born | 12/02/2011 |
Wednesday, January 04, 2012 7:17:55 PM
"Price Target
In a note to subscribers, Ludlow Capital issued a near-term $0.015 to $0.02 price target on AAVG. In the note the company pointed out the recent up-listing to the OTC BB exchange, low share structure as of now, companies current revenue operations, and potential for DOT approval before the forth quarter as potential reasons the stock may see these price levels in the immediate term. The firm made note to their clients to watch for break, and close, above the 200-day moving average as possible confirmation for a move up to the $0.01+ traders range.
Chart Breakout
AAVG is currently making an attempt to breaking through its all important 200-day moving average. A break of this key trend-line is a major break in the technical chart, and could see the stock make a move up to test the $0.01 price level in the very near-term. "
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