The moms, dads and other over 21’s traveling to mouse land in Orlando, FL this summer will be able to enjoy a taste of one of the hotter penny stocks on the OTC. Setting a new high today at 0.95, traders are underestimating the power of Montalvo Spirits, Inc., (TQLA) having their award-winning brand, Montalvo Tequila, secured at Epcot’s Mexico Pavilion. Because the awareness on TQLA stock seems to be coming from the same sources that have busted banks before, the fact that they were approved by Disney (NYSE: DIS) should have a much bigger impact on the performance than what is being witnessed today.
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TQLA Stock Quote
Market Cap: 58.87M
Last: 0.88 ▼ -0.05 (-5.38%)
Dollar Volume: $345,518
14-Day Rel Strength: 56.41%
14-Day Stochastic: 65.00%
1st Resistance Point: 0.9367
1st Support Level: 0.8367
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More than a week ago, Montalvo Spirits announced that they had secured placement in Walt Disney World’s Epcot theme park. News like that would send most penny stocks, actually most stocks period, surging significantly since the captured audience in such a venue are forced to choose between A or a.
Considering that the Company’s product is considered to be a “top shelf” choice for connoisseur and pompous red Lamborghini drivers, TQLA stock itself should as well be a “top shelf” choice for traders. What today’s trading is bringing is a healthy, mini-pullback after a week plus of single digit gains.
Looking back at our original coverage on TQLA stock, the Company had closed a subscription agreement when they reversed into the shell of Advanced Cloud Storage, Inc. They took on $100,000 for 200,000 post-split shares of TQLA stock, $0.50 per share. The interpretation we get from today’s session, and the fact that TQLA has, for the most part, been able to avoid landing itself in the top 10 traded OTC stocks means this is a great chance to add it to the watch list.
About TQLA Stock
Montalvo Spirits, Inc., operating as Casa Montalvo, develops, markets and distributes alcoholic beverages, primarily in the United States, through a network of established spirits distributors, who are licensed to distribute alcoholic beverages.
Last 5 Trading Sessions:
TQLA has been a very good performing penny stock since it began trading in late May. Based on the share structure, recent attention, and the actual news, TQLA could just be retracing itself before jumping up over $1. Think about it, where else can you get a shot at some “top shelf” tequila for under $1.
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