R-Three Technologies Inc (OTCMKTS:RRRT) Stock Bounces Back After The Recent Fall

If you are currently looking into those stocks which may have made a strong upward move on Tuesday then it may be a good time to look into the R-Three Technologies Inc (OTCMKTS:RRRT) stock.

Traders Corner

RRRT stock is trading below the 20-Day and 50-Day Moving averages of $0.34 and $0.38 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.42.

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Following a major announcement from the company yesterday, investors piled on to the R-Three Technologies stock in a big way and it soared by as much as 14% as a consequence. The stock soared yesterday after the company announced that Bruce Langer and David Langer, who belong to the Langer Juice Company, joined R-Three Technologies in the capacity of independent director.

It goes without saying that such an appointment was an important one for R-Three Technologies and more importantly, it led to a fair degree of optimism among investors as well. The appointed of the two individuals has been made in order to make sure that R-Three Technologies is always compliant with the governance rules that have been put in place by NASDAQ.

R-Three Technologies believes that the experience and expertise in the matter of both David and Bruce Langer are going to be of essence once they take over as independent directors at the company. At this point, investors could do well to keep an eye on the stock.

Traders Corner

RRRT stock is trading below the 20-Day and 50-Day Moving averages of $0.34 and $0.38 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.42.