Yesterday we saw a major reason not to take your eyes off of our new, long-term alert: BioHiTech Global (BHTG). Did you miss it? Let’s quickly recap because today’s open could be set to see a continuation…
Over the last week or so, we’ve watched BHTG climb from $3 to as high as $3.90 (potential for 30% so far) but like other alerts we’ve delivered, we’re sure many were searching for opportunity to look for a dip. Now, the hard part with watching for a dip is two-fold in our opinion:
1. When the dip happens, some people’s mentality goes from “this could be opportunity” to “well this could be the end of a run“…and
2. If it does, in fact, show opportunity then those who were ready could be in a position to capitalize.
Why mention this? BHTG saw its first pull-back on Monday to lows of $3.16 but what has happened since then is exactly what we feel that taking advantage of a dip could be all about. BHTG promptly bounced from those $3.16 lows all the way back to $3.75 where it closed the day at and today (2-28) we’re looking at this right after a strong afternoon of upward momentum.
On top of it all, just yesterday BHTG announced that it has added a new series to its product suite and one that could open up an opportunity to take advantage of some 1.5 million potential customers including full and quick service restaurants, coffee shops, hospitality companies and other specialty food service providers.
“We are excited to launch these important new products as we continue to forge innovation and value in the sustainable waste disposal industry,” said Frank E. Celli, Chief Executive Officer of BioHiTech Global. “Most on-site food waste disposal solutions are expensive and designed for high volume users that can cost effectively utilize a larger scale unit installation. Our Revolution Series opens a large new market opportunity for our Company by making our proprietary sustainable waste disposal solution economically viable for the multitude of prospective customers that do not require a larger unit. These units are compact, easy to install, and offer an excellent value proposition by reducing disposal costs and providing actionable supply chain management data. We believe the Revolution Series will be a significant driver of future revenue growth and we look forward to rolling it out through our growing distribution network in order to build lasting value for our shareholders.”
We’re heading into week two of coverage on our new long term alert, BioHiTech Global (BHTG). If you missed our initial alert, you can view the entire article here.
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