BUD has been consolidating after a recent gap down and capital raise. Friday saw it pop above the 50sma, with the 20sma not far behind, heralding the start of a rounded bottom breakout on the daily chart. With a large gap to fill above .026. BUD is nearly in oversold territory. But it loves to run when it can and has offered some excellent intraday trading in the past. This weeks ann stated "Mass Production of LIFX Colour Commences at Second Factory". Amazon commenced sales of the LIFX Smart Switch, heralding the first retail availability of the product in the U.S. market. BUDDY has also received approval from major U.S. home improvement chains Home Depot and Lowe’s, as well as consumer electronics chain Best Buy to stock the product, and expects units to be in stock at all three retailers in time for the holiday shopping period.
