$ATTD Issued 'Speculative' $0.003 Price Target on Major Distribution News
(NEW YORK)--Attitude Drinks, Inc. (OTC:ATTD), announces major distribution agreement with one of America's largest supply chain sources, while research firm upgrades target on stock to $0.002 to $0.003.
The Company announced agreement with one of the largest supply chain service leaders in the USA for their Phase III(R) Recovery product. With 40 modern distribution centers and one of the nation's largest private fleets, the company optimizes the purchase, flow and sale of products from thousands of suppliers to over 65,000 locations. Supplying convenience stores, mass merchants and drug stores, the company is a supply chain services leader generating sales over $33 billion.
Ludlow Research, an equity research based in New York, had issued a 'speculative' trader alert on ATTD on Jan. 15th based on chart technical indicators. But, according to note this morning, based on this new announcement, and with around 3.5 billion outstanding, the company has issued a new initial speculative price target on ATTD of around $0.002 to $0.003, or a $7 to $10 million market capitalization for the short term.
ATTD chart is showing signs of a rounding bottom with a positive trending TRIX, and a break above $0.0004 could see a test of their 200-day moving average , which is around $0.001+.
