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Our New Pick Is…
SharkReach, Inc. (symbol: SHRK)
Good Morning,
There are several big reasons you should jump all over SHRK this morning but time is of the essence so we’ll cover the BIG two.
The first big reason is that SHRK is a company that is gathering serious steam and picking up some major endorsements whilst it’s doing it.
Recently SHRK announced that it has signed an agreement with Melissa Gorga, a star in Bravo TV's hit reality show Housewives Of New Jersey. http://www.bravotv.com/the-real-housewives-of-new-jersey#.
Ms. Gorga has a combined following of over 2 Million followers on Facebook (1.1+ Million) and Twitter (900,000+). Housewives Of New Jersey itself has over 1.4 Million Facebook followers.
Considering that SHRK is leading the development of “influencer marketing,” bringing on board such a huge star in Hollywood is a major move.
The second reason is perhaps even more important – the technicals:
SHRK is capable of rapid movement. Two days before it hit its 12-month high on February 5 it was trading at .14 – that’s a 507% climb in two days!
SHRK is trading with a 48 RSI on the daily chart. That’s just a good balance of momentum with strong bounce and surge possibilities.
SHRK is chasing its 20 DMA which is .32 at time of writing. This opens up upside opportunity for up to 52% near term.
SHRK is expected to grow revenues 350% to $4.1 million by 2018.
SHRK is seeing rising interest from investors and this is pushing daily volatility skyward. Average volume of 200K looks poised to give way to massive breakouts.
SHRK recently announced the acquisition of The Mobile Media Lab, a company with estimated revenues of $1.5 million.
The opportunity here is clear. SHRK has what it takes to mount a huge test of its historical highs and since the near-term upside is hardly scraps, we think you should move on it TODAY.
Able Traders
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