AimHigher’s Score Big On The American Brewing Company (ABRW) Dip

ABRW Stock, American Brewing Company Inc.The month of October kicked off on the OTC as if a bomb exploded on it after news that Fannie Mae (FNMA) and Freddie Mac (FMCC) will not be sharing profits with private shareholders, including the pioneer of the court case, Fairholme Capital Management LLC. Every type of stock involved with the mortgage companies that make hundreds of millions in profits for the U.S. government went sinking like a busted up submarine, taking almost every single other OTC stock with it on its descent back to below $2. While some traders ran to the bar for a liquid lunch, we caught American Brewing Company, Inc. (ABRW) dumping kegs worth of share price just in time to call it a solid bounce candidate just before the liquid lunch hour began when ABRW stock was trading at 0.30.

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ABRW Stock ChartABRW Stock Quote

Market Cap: 4.96M
Last: 0.395 ▼ -0.235 (-37.9%)
Volume: 1,268,596
Dollar Volume: $403,066
Open: 0.61
High: 0.61
Low: 0.297
Trades: 153
14-Day RSI: 26.99%
1st Resistance Point: 0.5643
1st Support Level: 0.2513
52Wk High: 2.50
52Wk Low: 0.297

Back on September 11, American Brewing Company made it known that the award-winning micro-brewing company based out of the Pacific Northwest inked a deal with a new distributor, Nexus Global Trading Ltd, and booked their inaugural order for their new line of 12oz cans to its existing distribution partner, Freedom Beverage Company. The deal should have been received as some solid news considering that the sales for the first 6 months of the year, $508,394, were already better than the $484,266 they recorded during the first 6 months of 2013.

Those sales numbers should see an even greater improvement heading into 2015 considering that American Brewing Company began a $1,000,000 expansion project back in January that is expected to allow for the brewery to vastly increase its production capabilities. It would appear to be an obvious winner when you see how Barry Honig, through his management at GRQ Consultants, Inc., had reported ownership of 775,000 shares of ABRW stock.

Although things look good on paper, ABRW stock failed to produce any kind of Schlitz like attitude when it comes to being bullish from expansion, higher sales, and the inclusion of a well known inside buyer of OTC stocks now linked to what should have been a massive runner. To make matters even more confusing, there were only 12,562,720 shares of ABRW stock out as of July 31 and at least half of those are owned by CEO Neil Fallon and Vice President Julie Anderson.

The call to our loyal subscribers via Skype got the call to add ABRW stock to their immediate watchlists for a bounce when shares of the micro-brewers hit 0.30. Seeing the action bring shares of ABRW up off their new 52Wk low of 0.297 and back up towards 0.40 within the course of an hour is about the easiest 30% that could be made while most traders were sobbing in their beers over the blood red session.

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About ABRW Stock

American Brewing Company, Inc. is engaged in the business of selling alcohol beverages throughout Western Washington state and in selected domestic markets under trade names including, among others, Breakaway IPA, Flying Monkey Pale Ale, Caboose Oatmeal Stout, American Blonde, Piper’s Scotch Ale, Brave American Brown Ale and Winter Classic.

Click here to view the SEC filings for ABRW.
Click here to view the website for American Brewing Company.

Authorized: 50,000,000
Issued and Outstanding: 12,562,720

Last 5 Trading Sessions:

Date Open High Low Last Change % Chg Volume
10/01/14 0.6100 0.6100 0.2970 0.3850 -0.2350 -37.90% 1,268,596
09/30/14 0.6600 0.7500 0.6200 0.6200 -0.1300 -17.33% 94,600
09/29/14 0.7500 0.7500 0.7500 0.7500 +0.0500 +7.14% 1,300
09/26/14 0.7500 0.8300 0.7000 0.7000 -0.0800 -10.26% 3,100
09/25/14 0.8000 0.8000 0.7800 0.7800 -0.0200 -2.50% 9,800

 

Bottom Line:

Based on a float of less than 7 million and a huge bounce off the new lows set earlier today, ABRW deserves its place on the list of penny stocks to watch as the session nears its close. With what looks to be the biggest volume trading session since ABRW stock began trading roughly 2 months ago, the bottom chasers and momentum runners will want to have one eye on the bid and the other on the ask, just waiting for BMAK and ARCA to get in there and let the beer flow North again today and into the end of the week.

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