A little over a week ago I highlighted BBDA's chart noting a possible move out of consolidation was coming.
Today that move looks to have started with the stock finally breaking higher after consolidating.
The stock looks to be working its ways toward new highs which should put the stock well over $.004 in the short term. From there the stock, if it continues to see buying pressure, could certainly make a move to $.01 or better. Share volume has been increasing and this is a good sign for the stock. I think this stock will get more attention as the volume and money flow increase.
BBDA was a stock I alerted to my subscribers in early June at $.0003/.0004. It hit $.004, pulled back but has mounted a nice recovery to current levels. The break out today should signal more upside lies ahead.
BBDA's most recent press release:
STATESVILLE, N.C., July 26, 2012 /PRNewswire via COMTEX/ -- Bebida Beverage Company (OTC markets: