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Will You Be Ready For This…
Cleartronic, Inc. (symbol: CLRI)
Good Evening,
We showed you two picks last week that had over 78% in totals gains. With everything we have lined up we think this week could be even better.
Do yourself a favor and read over this report right awaay! You DO NOT want to be the one sitting on the sidelines when the opening bell rings.
START HERE...
In April CLRI said that its subsidiary-run ReadyOp™ is now in use by "SoundTransit," the regional transit system serving the Greater Seattle, Washington area. “This is ReadyOp's™ third regional transportation system, including the Denver and Dallas systems, highlighting the increasing industry use,” confirmed the release.
But perhaps the biggest news came in Friday’s session when CLRI confirmed that it executed a Letter of Intent with iStream Network, Inc. on June 9, 2016 to acquire and "spin-off" iStream Network as its own separate trading entity by filing a Form 10 with the Securities and Exchange Commission.
The news was big for sure but based on the events since, we believe that traders have yet to fully price into the valuation, the impact of the announcement.
CLRI is trading at around 0.06 but it hides the true nature of a company that has reached as high as 0.24 in the last 12 months.
The strong upward movement in daily volatility is an indication that a potential breakout could be building so make sure you are ready to trade.
Company Website: http://www.cleartronic.com/
Technicals
Chart: http://www.barchart.com/interactive_charts/stocks/CLRI
CLRI is attracting strong traders attention and has seen opinions grow positively in the last few weeks. Barchart.com currently rates the play as a “Buy.”
CLRI is experiencing rising daily volatility and has seen volume breakouts as high as 2,260%.
CLRI erupted on May 24 and after opening at .01 it rallied to a high of .04 for one-day gains of paper totaling 300%.
CLRI has clearly established its upward momentum. The play has surpassed its 200 DMA and virtually surpassed the 50 DMA.
CLRI has added +286% to its 12-month lows, including a 16% rally delivered in its last session. A RSI of just 56 suggests that the play is miles away from cooling off.
Cleartronic, Inc. (CLRI) Signs Letter of Intent to Acquire iStream Network, Inc
CLRI recently executed a Letter of Intent with iStream Network, Inc. on June 9, 2016 to acquire and "spin-off" iStream Network as its own separate trading entity by filing a Form 10 with the Securities and Exchange Commission. Should this spin-off occur, Cleartronic shareholders would retain a (12%) percent interest in the issued and outstanding stock of iStream. iStream would obtain its own CUSIP, be assigned its own trading symbol and be an independent company with a registered class of stock.
iStream Network operates a number of web streaming websites including: www.musicianstream.com www.churchstreamnetwork.com www.sportstreamnetwork.com
iStream broadcasts and delivers content globally from a multitude of venues, as well as, through relationships with entertainment companies. Proselect.us, a content provider recently executed an exclusive delivery agreement with iStream network. Proselect works with some of the top artists in the world, and their events have been viewed by millions worldwide.
Digital Media Sector Grows, $7.4 Billion By 2017
From 2005 to 2007, the CDN market grew at a compound annual growth rate of 48% globally, while some vendors boasted of growth rates of more than 60%. While there are a number of content delivery applications that have contributed to the growth of the total market, video has been a key driving force.
"As video content continues to be consumed more often, for longer periods of time, at higher quality and on more devices, there is an increasing demand for video content delivery services," says Frost & Sullivan principal analyst and Streaming Media executive vice president Dan Rayburn.
In a recent research report on the video content delivery networks market, Frost & Sullivan analyzed the growth in video content delivery across regions and industry verticals and provided insights into various market trends (www.cdnreport.com).
Frost & Sullivan estimates that the video CDN market will grow from nearly $400 million in 2008 to more than $1,500 million in 2013 as the industry projects an aggressive and unhindered cycle of demand and supply of solutions for web-based video delivery.
According to an October 2012 report published by Markets and Markets, the global content delivery networks market is expected to grow from $2.5 billion in 2012 to $7.4 billion by 2017, at an estimated compound annual growth rate (CAGR) of 24.6 percent from 2012 to 2017.
Research: http://www.otcmarkets.com/stock/CLRI/quote
Three Major Catalysts
CLRI buy rating from Barchart.com is a major catalyst which should not be ignored.
CLRI has built up strong upward momentum and has surpassed its 50 DMA.
Volatility levels have presented a very liquid trade situation which bodes well in the near term.
Start your research on CLRI now.
Able Trader
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