ALTD Has A Small Reported Float
According to the OTC Markets website, ALTD has a reported 5.55Mn shares in its float.
This is small, but why is it important?
A low float can lead to volatility. The fewer the shares to go around can produce sharp vertical movements up the chart in the short-term or even intraday if above average momentum floods into a profile.
In recent memory, I've released three different low float profiles that turned into huge intraday/short-term breakouts:
- On August 20th, I alerted a low float profile at approximately $5.80 and saw it climb to $9.10 on August 26th. That was an approximate 56% run.
- Another low float idea was alerted on August 13th at approximately $11.32 and rose to a high of $14.27 on August 18th for a near $3.00 move.
- Before that, I brought another low float idea to your attention on June 10th at approximately $3.41 and ran to a high on July 8th of $8.89. Overall, that 4 week run proved that profile an approximate 160% champ.
At the time of release, each one of those profiles had a reported float (according to Yahoo Finance) of under 14Mn shares at the time.
Most Recent ALTD News Catalyst
A handful of months back, ALTD released this game-changing news: ALTD Launches Sports Management Subsidiary
Read the full article here.
More About The Company
From the company website:
(The Company's) mission is to become the world leader in improving athletic performance by providing custom built simulated altitude chambers and position specific protocols to its clients. Through a License Agreement, the Company has exclusive access to the game changing technology of Sporting Edge UK, one of the leaders and pioneers of room-based altitude and extreme environmental technology. The agreement gives ALTD exclusive rights to all patents, trademarks and intellectual property currently owned by, or developed in the future by Sporting Edge UK.