Gawk Inc (OTCMKTS:GAWK) Ready to Move Higher
Momentum is Turning
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 56.5217. This is not an overbought or oversold reading. The last signal was a buy 8 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 41.67. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 50 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 65. This is not a topping or bottoming area. The last signal was a buy 2 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 12 period(s) ago.
Gawk keeps adding revenue and expanding, short sellers are very active here but the old adage “build the company and the stock will follow” at some point will kick in here and the stock will take off.
Scott Kettle, CEO, announced that the Company has acquired the VOIP assets of Xtelus LLC, a North Carolina LLC and Xtelus S.A, a Dominica International Business Company. “This new addition to GAWK will put the Company at an annual revenue run rate of approximately $7 million,” said Scott Kettle, GAWK CEO. “The $1million in annual revenue Xtelus adds to our bottom line proves our strategy of evolution by acquisition, plus continuing organic growth. The Xtelus executive team is widely known in our industry as specialists in VOIP technology, and combines seamlessly with our strong management team.”
The acquisition of Xtelus is GAWK’s fourth acquisition since the Company’s founding in 2013, joining Net D Consulting, Connexum and Web Runners.
Gawk Incorporated (Gawk) provides a range of cloud communications, cloud connectivity, cloud computing and managed cloud-based applications solutions to small, medium and large businesses. The Company also offers domestic and international voice services to communications carriers around the world. Its cloud services platforms enable the integration of solutions in the cloud by connecting employees, partners, customers and vendors. It offers a range of data center and cloud-based services, including fault tolerant, high availability cloud servers, which encompasses platform as a service (PaaS), infrastructure as a service (IaaS) and across the world content delivery network (CDN). Its managed network services converge voice and data applications, structured cabling, wireless, security services and include Internet access through Ethernet or fiber at speeds ranging from 10 megabits per second (Mbps) to 10 gigabits per second (Gbps). Its data center solutions include cloud services.