CIRX Update: Your Breakout Idea Is Currently Up An Approximate 85% Early
CIRX is making moves early today.
Currently up an approximate 85%, CIRX has stormed the opening bell and appears to be in full breakout mode.
With a high of $.099 so far, CIRX has now hit a level it hasn't seen since April of 2020.
Could more be on the way?
Remember, CIRX has a low float which provides the potential for extreme volatility.
If you haven't read my initial report on CIRX below, do so quickly and get it on your radar now.
The markets are open and there is only one profile to have on your radar this morning:
CirTran Corporation (CIRX)
Right now, there are 3 potential catalysts you need to know about this breakout idea.
Your No. 1 Potential Catalyst
CIRX has a low, low float.
According to Yahoo Finance's website, CIRX has a float in the 4.26Mn shares range.
This is incredibly small. It's also incredibly similar in size to one of my more recent breakouts in ALTD that had a float of 5.55Mn shares and ran approximately 239% intraday.
With a small float can come potential volatility in the short-term.
Your No. 2 Potential Catalyst
An exclusive agreement signed earlier this year to manufacture and distribute products could become a major catalyst for the company.
Key details here: CirTran HQ Moves...
Your No. 3 Potential Catalyst
CIRX has previously been a breakout star earlier this year.
Originally when I brought CIRX to your attention, it went on a stunning intraday run.
Alerted on April 16th, CIRX opened at $.045 and ran to a high of $.20 for an approximate intraday surge of 344%.
On top of that, CIRX's 6-month chart shows the potential for major double-digit and even triple-digit intraday surges.
Once again, it's important to take note of CIRX's low float of approximately 4.26Mn shares.
Could CIRX's next big short-term breakout start today?
More About CIRX
From The Company Website:
Founded in 1993, the company has evolved from its roots in electronics contract manufacturing to become a manufacturer and worldwide distributor of products for the lifestyle and entertainment marketplace. It is an established global company with a diversified expertise in manufacturing, marketing, distribution and technology.