The Technicals of WebSafety Update Provided by ProofUp
Momentum is the theme of this update on WebSafety Inc. Our last article outlined how supply and demand could give this company a real push back to its 52-week highs.
When we started analyzing WebSafety Inc the companies share price was 0.20 cents per share with very little trading volume and with the same share supply as of 52 weeks ago. Our analysis indicated that if the demand increased that the share price would follow, and increase with the potential of reaching 1.00 per share.
The companies share price now sits at 0.57 per share, which is a +185% gain over the past 5 trading days on volume of 50,827 shares with a short interest of 18,120 shares.
Our analyst believe that if this momentum and trading pattern continues with an increasing short interest that WebSafety Inc share price could cross the 1.00 barrier in the next 5 trading days.
Proofup.io continues to give WebSafety Inc a BUY rating.
Founded in 2006 and based in California, WebSafety, Inc. provides mobile device software solutions that allow parents to monitor and control what their children access through their smartphones or mobile devices.