(MJLB) Update: Moving Above Several Lines Of Potential Support Early, This Tech Idea Is Up Approximately 10%
Here's why MJLB requires complete attention this AM.
Currently up approximately 10%, MJLB has already hit a high of $.12 on the session.
With this move, MJLB has moved above several lines of potential support including its:
- 5-Day Simple Moving Average (SMA)
- 20-Day SMA
- 5-Day Exponential Moving Average (EMA)
- 13-Day EMA
On top of that, MJLB could be ready to go on an acquisition spree as the company CEO, Michael Marsbergen, was recently quoted saying this about their HUGE acquisition last month:
"My intention is to make this the first of many successful North American acquisitions for Ultrack."
First of many? See what I mean? MJLB needs to be on your watch-list while it still flies below Wall Street's radar.
Take a second to read my initial report below and get MJLB on your radar now.
After getting the week started off in style, it's time to deliver a new breakout idea.
Hitting the books over the weekend, I brought a profile to your attention on Sunday evening.
On Friday it had closed at $.51. On Monday, well, that was a different story.
Shooting to a high of $.66, it had made a move of approximately 29%.
Not shabby, but this new breakout idea could be severely undervalued and displaying a ton of upside potential based on key driver indicators.
But let's break it down even more real quick.
You don't have to be in the know to know that supply chain issues have significantly impacted almost all facets of life in the past few years.
This company's "newest innovation" aims to combat just that (and more).
And with the Supply Chain Management market expected to reach $19.2Bn before the end of the decade, even claiming a small share of this market could become a tremendous game-changer for this company.
On top of that, there are a handful of potential catalysts like an explosive chart history and a possibly industry changing acquisition that could spark this profile near term.
That's why there is only one tech profile to have at the top of your radar come Wednesday AM:
*Ultrack Systems, Inc. (MJLB)*
Ultrack Systems Inc., is a provider of GPS tracking solutions. They develop, implement, and distribute electronic monitoring and tracking systems for companies in leasing, transportation, construction, disposal, and many other services driven industries. Their platform includes live tracking, reports, and alerts on a web-based platform.
The Company's mission is to provide the best fleet tracking, reporting systems and their commitment to service. They plan to launch a new ELD product in 2022 in partnership with major corporations that will take the trucking industry by storm.
And right now MJLB has several potential catalysts to be aware of right now. Check them out:
No. 1 - Game-Changing News Flying Below The Radar
No. 2 - Could We Be Witnessing A Bounce In The Making?
No. 3 - A Crazy Explosive Chart History
No. 4 - Company Is Looking To Make A Major Splash (Or More)
But more on those in a second...
Key MJLB Details - Ultrack Philosophy
The company's founders' history started over 45 years ago in the automotive industry as a licensed mechanic with an innovative mind. Technological advances in the industry required a higher skill set that led him to the telecommunications sector.
One of the major telecommunication projects was the 3G "Inukshuk" initiative that involved providing high speed cellular/internet service for the upcoming Winter Olympic Games.
The next step in the telecommunications industry was the newly evolving fleet tracking sector using GPS and cellular technology.
This led to the first pilot project of its kind in the industry. It involved placing tracking hardware into a fleet of service vehicles to track their movements and location online.
As the fleet tracking industry progressed new challenges and opportunities arose.
A project came along that required a taxi company with 1700+ cabs that required installations be completed within a 6 month period. Upon completion of this project the inspiration to start Ultrack was born.
Their goal is to continue to be innovative in the products we develop and to provide the best service to their clients to keep them ahead of the competition.