IFBC (Italian Food & Beverage Corp.) Is Our New Breakout Alert! Last Trade Price: $0.0151 | Company Headlines | Bullish Barchart Rating
Start Your Research Here: http://ifbcorp.com/
Did you catch our last alert? Well if you missed it, you missed out on a sub penny that EXPLODED to highs of NEARLY 40% and on DAY 2 the stock bounced another 30% to close out TWO DAYS OF GAIN POTENTIAL! In any case, if you did miss that alert NOW is the time to start paying attention. Why? Tonight we're bringing you another charged up alert that could coat tail off of this week's momentum and score another day of SERIOUS GAINS before the weekend!
IFBC establishes and develops brands committed to fulfill customer needs throughout the world while providing the finest experiences based on the Italian wine and food culture. IFBC operates as an importer, exporter, merchant, distributor and dealer of fine wine and food products. The Company and its subsidiaries have established wholesale distribution headquarters, offices and warehouses in several countries including Italy, Singapore, Austria, Hungary and the UK.
IFBC COULD BE OUR NEXT BIG RUNNER!
This looks like there's a shot this could be an almost TEXT BOOK DESCENDING WEDGE CHART in our opinion. From the beginning of April it managed to run to nearly $0.02 and made a nice move for those who were paying attention to the timing of that move. Now it looks like the chart has seen a bit of consolidation but a closer look shows that the higher lows have formed a wedge pattern on the chart from the way we see it. This could indicate that IFBC may be on the verge of a bullish reversal!
These kinds of BULLISH REVERSALS can be incredibly explosive especially when aggressive volume is at hand! Just look back over the last few months and you'll already see that IFBC has managed to run strong on days of bullish action....just like our earlier winner from this week!
So what does all this tell us? The name of the game just like earlier this week: “Preparation is Key”…. A number of times just as we’ve witnessed from these kinds of potential "reversal alerts" is that they can be extremely active right from the opening bell with some of the LARGEST PERCENTAGE GAINS! A run back to or even higher than those previous $0.02 highs could make for some SERIOUS UPSIDE POTENTIAL heading into Thursday (6/23) morning!
The Bigger Picture
Everyone eats...this is a HUGE industry. But what IFBC has focused on is a niche space with a very authentic and "Old world" appeal. And what the company has been able to accomplish in just a year has the financial screaming with growth numbers.
IFBC's revenues for the Three Months Ended, March 31, 2016, amounted to $336,121, which represents almost 40% of the $864,616 of revenues amassed during the entire year of 2015. The Gross Income for the Three Months Ended, March 31, 2016, totaled $249,786, for a Percentage Gross Profit of 74.3%. This is in comparison to $563,937 of Gross Income for the entire year of 2015, for which the Percentage Gross Profit amounted to 65.1%.
The 1st Quarter of 2016 showed a Net Income of $22,790 compared to a ($455,165) Net Loss for the entire year of 2015. IFBC is improving both its profitability and its percentage gross profits via an emphasis on higher margin food products, the sales of which are eclipsing those of the wine segment of the business.
As for the near future, IFBC is seeking to expand its street food stands, which are already in place, with www.brandout.it, and with two new companies www.freetto.it and www.biolee.it. Through Campagna Amica, the company is currently engaged in negotiations with The Italian Farmers Group in London. According to the company, this opportunity will allow IFBC the ability to introduce, into a 30-seat space, named Bottega Italiana, the new offerings of "Freetto," lightly fried, high-quality Italian fare, and "Biolee," the genuine article of rich, Italian ice cream in The United Kingdom, as well as in new food stands throughout Europe...and with new initiative on the horizon after realizing such strong growth numbers, NOW could be the time to start paying attention!
Bottom Line
IFBC is coming HOT off of a record quarter and the chart has some EXTRA SPICY bullish indicators. In addition to this the BarChart rating is "VERY BULLISH" with many momentum signals trending toward the upside...in our opinion if these indicators for growth and technical trend are any view at the REAL POTENTIAL here, IFBC could become the next breakout candidate on the list THIS MONTH!
This having been said, we’ve got IFBC pulled up for Thursday (6/23). We’ve been on the hunt for another BIG MOVER after what we saw earlier this week and we feel IFBC could be showing strong potential. So if you choose, pull up IFBC right now and be ready to trade Thursday morning June 23rd at the opening bell! Stay Tuned.
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