GDET Rated Overall BULLISH In Anticipation Of Pending Analyst Report And PPS Recommendation
20 March 2019 - 4:05AM
InvestorsHub NewsWire
New
York, NY – March 18, 2019 -- InvestorsHub NewsWire --
GDET (USOTC:
GDET) (GD Entertainment & Technology dba “GDET”) is rated
today by Stock Technical Analysis (stockta.com) as overall BULLISH. The
company announced yesterday engaging Goldman Small Cap Research to
initiate analyst coverage. The first analyst report, to
include a target price per share (PPS), is expected to be published
this Thursday, March 21st, 2019. The GDET PPS has
recently run from $0.005 to a high of over $0.02 on over 100
million shares of trading. This is record volume for GDET and
nearly a year since the PPS has seen north of $0.01.
Speculation that GDET would announce a new cannabis business drove
the stock up and news of GDET actually launching a cannabis
business saw the PPS retrace back into the $0.01 range. The
GDET PPS is now basing nicely in the $0.01 range and the company
clearly has more news yet to release on its new cannabis
business. GDET management indicates product details on its
new CBD line are coming soon. Not to mention more news likely
in the works on the company’s Bitcoin business. $0.01 to
$0.02 is a good accumulation range in anticipation of a run to
$0.05 or higher in light of GDET’s 52-week high of
$0.15.
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