Is Healthier Choices Management (OTCMKTS:HCMC) stock A Buy After The Recent Move?
Stocks moving in a range are not always to be ignored since there is always a chance of a breakout and hence, it could be a good move for investors to look into the Healthier Choices Management Corp (OTCMKTS:HCMC) stock today.
The stock has been trading in a range in recent days but not for lack of any material news about the company. Earlier on in the week Healthier Choices Management Corp announced that it was awarded a United States patent for its product Electronic Vaporizer Cartridge with Encased Heat Source. It is a significant development for the company as it plans to move into the vaping space.
The patent that Healthier Choices Management Corp was awarded provides coverage to the unique technology formulated by the company with regards to vaporizer cartridge that has internal components, encased in quartz or ceramic.
In other words, the cartridges are encased in materials that are non-reactive in nature. It is a product that could prove to be popular since a non-reactive casing can prevent adverse reactions when vaping with CBD oils, cannabis or e-liquids. In light of that announcement, it could be a good idea to keep the Healthier Choices Management Corp stock in the watch lists.
Market Reaction:
On Wednesday, HCMC stock ended flat at $0.0009 with more than 1.88 million shares, compared to its average volume of 278.08 million shares. The stock has moved within a range of $ 0.0008 – 0.0010 after opening the trade at $0.0009. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0065.
