UMAX Set to Ride Wave Of Rising House Prices In Las Vegas
Good Afternoon!
Umax Group Corp. (OTCPINK: UMAX)
House prices may be unsteady in some parts of the US but not in Las Vegas. According to data from ReviewJournal.com the annual gain for median house prices jumped 10.1% for October 2015.
This is excellent news for my latest trade idea, UMAX. The company signed a construction partnership with a Southern Nevada company in order to take advantage of the positive housing market.
With those fundamentals as a backdrop, I believe UMAX can present traders with excellent short term upside opportunities.
The technical setup almost speaks it into being. RSI levels are right where you’d expect them to be in bounce opportunity like this. Volatility levels also make your ears perk up, with average volume pushing past the magic 1 million shares mark.
Most importantly, UMAX is trading deep in sub-penny territory, which means that any upward movement at all could deliver unspeakable gain potential. I am sure you’ve seen triple-zeroes deliver upwards of 800% on a single bound.
UMAX is poised. Don’t let it make a break without you.
Check out the chart…
Here’s a link to the chart: http://stockcharts.com/h-sc/ui?s=UMAX
There is a pretty hefty amount of upside opportunity from current levels too. The 50 DMA is .0013.
Today's rally is nothing so far! Much more could be in store.
UMAX has seen an explosion in daily volatility over the last month or so. Average volume is now 1.3 million shares.
About
UMAX (Umax Group Corp.) is an emerging company looking to build green housing/sub divisions incorporating both technology and agricultural aspects of local community sustainability community projects.
UMAX is researching and developing net zero homes with green energy utilizing wind and solar components in its future developments. Where possible, hydroponics and green houses will be an aspect of the home developments encouraging home grown organic produce within the communities.
UMAX was founded in 2011 and is based in Los Angeles, California.
Las Vegas Housing Market Continues To Set Trend
With median prices unchanged for the last three months, the Las Vegas Valley's resale housing market is the picture of stability, a local real estate group said in October.
The median sale price of an existing single-family home was $220,000 in October — the same as in September and August, according to the Greater Las Vegas Association of Realtors.
The annual gain was more impressive, however, with the median up 10.1 percent compared with $199,900 in October 2014.
The condominium and townhouse market varied more, with a $105,000 median that was down 11.8 percent from September but up 6.1 percent year over year.
Sales of existing homes also stayed in their same range of the last few months, at around 3,000 sales. The 3,020 closings in October were up 5.6 percent from 2,861 sales in the same month a year ago.
Here’s a video with a market Las Vegas housing market update:
https://www.youtube.com/watch?v=5iauQ1lHwpA
News Development
UMAX Consolidates Construction Partnerships
UMAX said this summer that it has completed negotiations with a Utah general contractor to establish a licensed contractor company in Southern Nevada. The alliance will significantly reduce Construction and development costs on identified projects in the Nevada housing market.
Las Vegas is yet again on a growing phase and housing is in high demand, UMAX intends to go one step further by offering actual green houses built into the home, offering both energy saving and healthy living.
This will set us as a developer apart from other giants as a small infill builder offering much more, solar power, but also solar thermal for hot water as well as small green house patio's for healthy living. Building this into the houses it becomes part of the mortgage hence no retro fits, solar leases, PPA's and other long term extra commitments towards the owners, this allows the cost of renewable energy to be spread across the life of the mortgage and not short term loans, yet still meeting the square footage appraisal values.
To learn more about UMAX please visit their website: http://www.umaxcorp.com/
UMAX could soar on the back of its bullish chart setup so make your move now.
Warm Regards,
