Starting Green On Breakout Company News, (AREB) Requires Special Bounce Attention Today (Nasdaq Profile)
AREB is off and moving this morning.
Pushing green early, AREB just dropped an important company update today. Check it out:
American Rebel Holdings CEO Andy Ross Provides Corporate Update in Letter to St-ockholders
In it you'll find a full synopsis of 2022 to date along with this little tidbit regarding the last few months of the year:
"In addition to our new 2A Lockers, we plan to roll out a complete line of safe accessories later this year to our almost 400 dealers and continue to innovate with concealed carry apparel and ancillary products. Sporting goods stores comprise a portion of our dealer base and we plan to add additional products in the sporting goods category as well."
Pretty solid news overall and a nice picture of things to come.
But more importantly for today, this early green burst could be the beginning of a potential bounce as I noted in previous messages.
And if potential resistance breaks down around the $.60 mark this AM, it could act as a catapult to push AREB towards previous highs.
If that happens, it would be above 4 key lines of potential support including its:
- 5-Day Simple Moving Average (SMA)
- 20-Day SMA
- 5-Day Exponential Moving Average (EMA)
- 13-Day EMA
Take a moment to read my initial report below and get AREB on radar quickly.
Time's wasting so let's jump to it.
The opening bell just popped off and after the Nasdaq Markets made a strong green push towards the end of last week, it's time to get your eyes peeled to one low float profile in particular.
Watching the Nasdaq market over the last week, we've seen strong growth since bottoming out just below $12K this past Tuesday.
This could bode well for growth to continue into this week and add a potential catalyst for this potentially undervalued profile.
It was a solid bounce for sure after what we've been seeing, but I've uncovered a profile that looks like it could be due for a major bounce itself.
And when it comes to identifying profiles that were potentially undervalued or ready for a possible bounce, we've been bringing it the past few months with runners moving (approx.) 14%, 26%, 24%, 24%, 53%, 33%, and 18%.
But back to the main event...
The world has been on fire for years it seems like. Personal safety is at an all time high.
What if I were to tell you that one company, who recently made a huge, revenue generating acquisition last month, wants to become the top name in personal safety and security products (and with a Patriotic twist)?
With unparalleled and experienced leadership driving this company into the next decade and beyond, I may have uncovered a profile that could be on the verge of mainstream notoriety.
But before everyone else gets them on their radar, I wanted to bring their name to you first.
For Monday, September 12th, there is only one Nasdaq profile to have on radar:
*American Rebel Holdings, Inc. (AREB)*
American Rebel operates primarily as a designer and marketer of branded safes and personal security and self-defense products. The Company also designs and produces branded apparel and accessories.
And right now, AREB has multiple potential catalysts to be aware of:
#1. - Low Float Brings Daily Volatility Possibility
#2. - Acquisition Should Generate Game-Changing Revenue
#3. - Could We Be Witnessing The Start Of A Major Bounce?
#4. - American Rebel's Unique Leadership Could Help Push The Needle Himself
But more on those in a second...
The Market - It's Large
Concealed Carry Handgun Permits soared by 1.83Mn since last July, a record for the fourth consecutive year.
Total number of handgun permit holders rose to 16.3Mn as of 2017, with the highest increase being women.
At least 11 states have passed laws allowing the concealed carry of guns without a permit. 16 states introduced legislation this year to do the same.
Gun safes are the best in-vest-ment a gun owner can make. Safes can protect guns from thieves, fire, water, or accidents.
Bills or ballot measures to require safe storage have been proposed in Delaware, Washington, Oregon, Missouri and Virginia; and various laws are already on the books in California and Massachusetts.
So What Do You Do To Protect Your Important Goods In Uncertain Times?