While everyone sits around and waits for Awesome Penny Stocks to find something else to pump since Cohen foiled their plans with Press Ventures Inc. (PVEN), The Alkaline Water Company Inc. (WTER) is flowing upstream towards that $1 target. Alerted today by us, WTER stock is pushing through resistance levels despite having been trading actively for over a month already. With rumors of hard mailers due to hit the mailboxes of Americans within weeks, more PR like yesterday’s retail distribution and marketing deal with KeHE Distributors Inc. are bound to only get better.
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WTER Stock Quote
Market Cap: 51.20M
Last: 0.645 ▲ +0.065 (+11.21%)
Dollar Volume: $319,990
Issued and Outstanding: 79,387,175
14-Day Rel Strength: 66.37%
1st Resistance Point: 0.6533
1st Support Level: 0.6133
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Although the gains today don’t look like they are “off the charts”, one must remember that it’s only the 2nd trading session of September and the month is due to have some spill over money come in from Europe very shortly. To think that WTER stock can hit $1 is not out of the question, but more of a test of patience for those who can afford to turn $5k into $7.5K, or 10K into $15K.
Yesterday’s announcement was no small potatoes. KeHE Distributors Inc., founded by Arthur Kehe in 1952, is a leading U.S. distributor of natural and specialty food products that serves over 33,000 retailers across the US, Canada, Mexico, and the Caribbean. With top accounts like Whole Foods, Albertsons, Festival Foods, Wal Mart and Publix, all Steven Nickolas, President of The Alkaline Water Company, needs to do is get some product ready for distribution and sales.
Chances are that it will take 6-12 months for The Alkaline Water Company to make a drop in the bucket worth of sales to cover their operating costs, but as long as they aren’t dumping WTER stock, it should have a good chance of seeing $1 this month.
About WTER Stock
The Alkaline Water Corp. is engaged in the business of producing, marketing and distributing alkaline water.
Click here to view the SEC filings for WTER.
Click here to view the website for Alkaline84.
Last 5 Trading Sessions:
WTER is trading well today and should continue to be one of the top 10 penny stocks watched as the week continues. The chances of being able to get in at under $0.55 are looking slimmer by the hour, but then again, what do you expect with a campaign run very similar to the one Lot78 Inc. (LOTE) ran back at the start of the year.
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