AVOP made a major splash in the market today, after releasing a news announcement, after the close of trading, last night, announcing that they were being acquired by Marijuana Incubator Group Inc. The unexpected news kicked things into overdrive for AVOP, as marijuana press releases have become known for almost across the board lately, when it comes to penny stock investments, being that there has been such an increased call for legalization nationwide.
With this major merger news released, there is a great likelihood that there will be a lot more activity in trading seen with AVOP as the days progress, not only because the price has sharply broken through prior resistance points chart-wise but more so because with a company like this being taken over by another entity, there is likely to be more activity by way of internal developments. With so much more attention being paid to AVOP, especially considering the medical marijuana aspect that has now become this play, we highly suggest that active investors keep a very close eye on this play from here. There is very likely to be a great deal more activity being seen with this play, as the company gets used to the merger and begins t roll out with news of further developments.
We will be keeping serious tabs on this one, so if you are interested in continuing to keep an eye on this and our other Top Penny Stock Picks, be sure to subscribe to our Penny Stock Newsletter Alerts, at www.pennystockdream.com. Subscription to the base level of our newsletter platform, is absolutely free, so be sure to sign up today to keep up with our upcoming major alerts on other promising stocks.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.