OCBG Is A New Low Float Breakout Idea Requiring Your Full Focus This Morning
*Historical Short-Term Breakout Profile*
*Major Upside Potential To 52-Week High*
The market is open and there is only one profile to have on your radar at this moment:
OC Beverages, Inc. (OCBG)
OC Beverages, Inc. is a licensed distributor of alcohol and non-alcoholic beverages. Its subsidiary holds Federal licenses for importing and exporting spirits, for shipping spirits across state lines and has 19 of the 50 state licenses available to distribute within those states.
And, similar to my previous breakout ideas (RMES) which opened at $.07 and shot to a 52-week high of $.31 for an approximate intraday breakout of 342%, and V*B*I*X which opened at $.02 and shot to a high of $.055 for an approximate intraday surge of 175%, OCBG has a low float.
Your No. 1 Potential OCBG Driver Indicator
According to the OTC Markets, OCBG is packing a low float.
The website reports OCBG to have roughly 5.59Mn shares in its float to be exact.
What this means is this profile could be extremely susceptible to potential volatility if above average trading volume appears.
Could today be the day where a spark is lit to send OCBG vertical?
OCBG Has Shown Breakout Potential In 2020
Back on February 27th, OCBG leaped from a low of $.01 to a high of $.028.That intraday surge resulted in a move of 180%.
Fast-forward to April 24th with OCBG once again jumped from a low of $.01 to a high of $.025 for an intraday move of 150%.
Lastly, on June 3rd, OCBG closed at $.013. By June 5th it had climbed to a high of $.035 for a short-term run of 169%.
OCBG's 52-Week High
Standing at close on Monday, OCBG has a 52-week high of $.0389.
From its close of $.0114 yesterday, that provides OCBG with upside potential of 241%. That's a big number.
I'm not saying OCBG will go soaring to that level today, but between its low float and vertical breakout chart history, you need to be aware of its potential upside.
Coverage is initiated on OCBG. And, when you have a second later on today, do this: