Xalles Holdings Inc (OTCMKTS:XALL) Stock Sees Continuous Buying Action: Now What?

Xalles Holdings Inc (OTCMKTS:XALL) stock ended higher in the previous trading. The stock is up over 21% over the past week.

Market Action

On Friday, XALL stock rose by 15.53% to $0.0093. A total of 1 million shares traded for the session hands, above its average volume of 1 million shares. The stock opened at $0.0078 and moved in a range of $0.0078 – 0.0093.

Recent News

July 27, 2021 – Applications Are Now Open for Xalles Studios Incubator Program

Xalles Holdings announced the launch of the Xalles Studio Incubator Program. The program is available for early-stage technology companies looking to reach the next significant financial transaction event.

Xalles Studio is a part of Xalles Capital Inc., and the business model includes creating a portfolio of minority ownership stakes in a variety of fintech and other technology companies. Through its incubator program, Xalles Studios connects early-stage technology companies with essential resources needed to launch, grow and succeed through mentorship, networking, capital access, business development and shared services that can be delivered globally.

The program is led by Bob Trevelyan, as its Managing Director. His start-up experience began in 1998, and he has worked since then with global start-up accelerators like Plug and Play in Sunnyvale, CA, and 6/30 in St. Louis, MO. He has worked extensively with emerging firms in fintech, cybersecurity, insurtech and artificial intelligence to bring international products and services to the Americas.

Key Quote:

“This business unit will grow revenue and assets through the program while not requiring small businesses to pay for services up front,” stated Bob Trevelyan, Managing Director of the Xalles Studio. Xalles will be announcing details of the new program’s advisory team and the initial program participants in the coming weeks.

Trader Notes:

XALL stock has outperformed recently with a jump of over 48% over the past month. On the technical basis, the stock is trading below its 50-day and 20-Day SMA stand at $0.0076 and $0.0079 respectively. Moreover, RSI at 59 signals that the stock is trading near the neutral zone.