GiveMePower (OTCMKTS:GMPW) Stock Bounces Back After The Sahrp Fall

The GiveMePower (OTCMKTS:GMPW) stock could be all set to be in sharp focus today considering the sort of gains that it had generated on Friday. While it is true that there was no material news about the building survey services company on Friday, the stock moved strongly and ended the day with gains of as much as 40%.

Market Action:

On Friday, GMPW stock moved up 39.71% at $0.9500 with more than 69.96K shares, compared to its average volume of 62.81K shares. The stock has moved within a range of $0.7000 – 0.9500 after opening the trade at $0.7000.

What’s The Buzz?

In light of such gains, it might be difficult to ignore the GiveMePower stock today. Investors could perhaps consider taking a closer look at the company and its business in order to have a better idea about GiveMePower.

The company had been established back in 2001 and over the course of the past six years, it has emerged as one of the leading operators in the mobile Computer Aided Design or CAD technologies space. The technologies are primarily used in manufacturing, design and construction industries.

Back in 2007 the company had launched its Technical Services Division and has worked with the United States military as well as MACTEC among others. Eventually, the company managed to garner major interest for the building surveying services that it offers and the demand outpaced the speed at this GiveMePower could software sales requests.

Traders Corner

GMPW stock is trading below the 20-Day and 50-Day Moving averages of $1.22 and $1.17 respectively. However, the stock is trading above 200-Day moving average of $0.66. The stock is up 67% in the past 3-month.

Jon Williams

Jon graduated from the University of Michigan with a degree in finance. He is an avid investor and enjoys reporting on the markets. When he is not in front of a computer he enjoys playing golf and watching basketball.