The penny stock of KonaRed Corporation (KRED) wasted no time starting the new year off by nearly matching their highest volume session from 2013. Opening the session as a strong candidate to be promoted mid-month, traders quickly drove the price of KRED stock up to 0.90 before the patient fronters walked in and scooped up shares at around 0.80. While the developers of the powerful Hawaiian Coffee Fruit wellness beverage are a lock for some alert-action in the coming weeks, entering into the race months ago when we initiated coverage is, once again, paying off.
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KRED Stock Quote
Market Cap: 56.60M
Last: 0.794 ▲ 0.024 (3.12%)
Volume: 321,917
Dollar Volume: $264,698
Open: 0.76
High: 0.90
Low: 0.76
Trades: 127
Authorized: 877,500,000
Issued and Outstanding: 71,366,067
Shaun Roberts: 42,750,000
14-Day Rel Strength: 63.41%
1st Resistance Point: 0.876
1st Support Level: 0.736
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From mid-October when we initiated coverage on KonaRed Corp.’s KRED, patient traders who got in early are already up as much as 34.58%. Pegged to be a January promotion to officially kick off mid-month, today’s trading activity is sure to be a benchmark, both volume wise and percentage gains, for future sessions.
Just prior to the Christmas holidays, KonaRed announced that their 10.5oz KonaRed Original was available at Kmart, Wal-mart, 7-Eleven, Longs Drugs, Walgreens, and Whole Foods stores throughout Hawaii and California. Although the availability of the Company’s “daily dose of coffee fruit” is unlikely to make a dent on their income statement, penny stocks originally incubated by Jody M. Walker rarely need net income for investors to make 50% or better gains.
With a float of around 30 million, $1 would seem to be an exit level which would be both achievable and tolerable considering the timing that promotion season is just about to kick off. With rumors of January 14 being the official launch date, scoring some cheapies, KRED stock under 0.79, should be a cup of coffee worth brewing.
About KRED Stock
KonaRed Corporation, a development stage company focused on distributing, marketing and selling for retail sale their health beverage, KonaRed Antioxidant Juice, a premium coffee fruit wellness drink.
Click here to view the SEC filings for KRED.
Click here to view the website for Kona Red.
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Change | Volume |
| 01/02/14 | 0.7600 | 0.9000 | 0.7600 | 0.7940 | +0.0240 | +3.12% | 321,917 |
| 12/31/13 | 0.7700 | 0.7700 | 0.7700 | 0.7700 | unch | unch | 2,400 |
| 12/30/13 | 0.7600 | 0.7700 | 0.7500 | 0.7700 | +0.0100 | +1.32% | 13,500 |
| 12/27/13 | 0.7700 | 0.7800 | 0.7500 | 0.7600 | -0.0100 | -1.30% | 27,800 |
| 12/26/13 | 0.7700 | 0.7700 | 0.7500 | 0.7700 | +0.0100 | +1.32% | 6,300 |
Bottom Line:
The season for promoted penny stocks is just a week or so away and KRED made a huge impression today. Despite the fact that their product compares so closely to that of Hangover Joe’s Holding Corporation (HJOE), even HJOE stock had a huge day today which can only help KRED stock’s quest for glory.
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