StockWireNews

Today's Nasdaq Low Float Profile (ANY) Trends Green Early, Could Be Heating Up

April 14th

Good Morning,

ANY is off to a hot start this morning.

Currently trending green, ANY could be inching towards a potential breakout.

Here's why...

ANY is a low float profile.

With a float under 5Mn shares, volatility can be in the cards on a daily basis.

So, with this early green start, ANY will require your immediate focus because of its breakout history I've highlighted in my report below.

Remember, over the last 52-week stretch, ANY has proven to be a short term breakout star on multiple occasions.

Could that next potential breakout be starting this morning?

Have you read my initial report yet? If not, do so now below and get ANY on your radar.

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Listen. The markets are open so there is no time to waste.

On Monday, I brought you a profile that shot from an open of $.30 to a high of $.379 for a strong 26% run.

Now, it's time to strap in and pay close attention to a new breakout idea that could be set for liftoff.

Why? Because this profile has a history of making multi-dollar moves in the short term over the past year.

Could we see the next potential surge for this profile start today?

Without further ado, there is only one Nasdaq profile to have firmly planted in the middle of your screen today:

Sphere 3D Corp. (Nasdaq: ANY)

Sphere 3D Corp. delivers containerization, virtualization, and data management solutions via hybrid cloud, cloud and on-premise implementations through its global reseller network and professional services organization. Sphere 3D has a portfolio of brands, including HVE ConneXions, UCX ConneXions, and SnapServer® dedicated to helping customers achieve their IT goals.

IT: A Major Business Opportunity

According to the "IT Services Market" report, there could be a huge growth potential in the IT industry.

The Global IT Services Market size is expected to reach $1.12Tn by 2026, growing at a CAGR of 8.02% during 2021-2026.

The growing popularity of cloud based software and rising concerns of the need to automate business processes are continuously increasing the demand for IT services worldwide.

Furthermore, the emerging big data technology and rising number of connected devices across enterprises are increasing the demand for IT service management and information security management platforms.

Here's where Sphere 3D Corp. comes in...

Let’s just stop for a moment and consider a world where you were no longer restricted by the particular “device” you chose to use. Whether it was an android device, or any other smart phone, a tablet, a PC, a Mac, a TV, whatever.

Think about it!

A world where, with any one of those devices, you could access your favorite app, website or software, and use it the way it was intended to be used, in its “native form”, even if it was designed for an opposing platform. And access it from pretty well anywhere on the planet, at anytime, 24/7, 365.

Clearly unbelievable, right?

Welcome to the world of GLASSWARE 2.0. A whole new way of looking at, or should we say “through,” the world of applications and cloud technology.

Sphere 3D’s Glassware 2.0 technology allows for a simplified solution to enabling any mobile device strategy to be deployed for any educational market while allowing for Windows applications to be a part of the curriculum or entire strategy. With Glassware’s management technology, an application can be easily containerized in as little as six clicks. Because it is this simple, those that administer the new devices such as Chromebooks can benefit from dropping in appliances in key locations to handle the desired applications and total solution. Glassware’s clustering technology allows for appliances of any size designed for any application workload to be utilized and managed as one complete fabric. Being able to put appliances in assigned locations while clustering overcomes network barriers and delivers the most reliable, and fast experience possible without the need for complex architectures or components.

Once Glassware’s technology has been implemented, the applications can be integrated into workflow management of the school, district, or any other portal system which brings context into the workflow. Whether a parent, a teacher, a student, or administrator delivering an application which is integrated into the portal available as appropriate for each use case contextually. Having distributed appliances which are sized and purpose made for each applications usage, fully integrated into a school system’s desired workflow, end to end education is possible.

Sphere 3D's V3 Appliances

Their V3 appliance delivers virtual desktops with a VMWare hypervisor. They are qualitatively different from their competitors who offer what are called hyperconverged appliances. All their boxes, though they have different colors of bright and shiny lipstick on, are structurally the same and offer a connection to a proprietary storage network. V3 is fundamentally different. Their secret sauce is that their boxes connect locally to local storage. There is no storage network required. See what that means for cost, reliability and ease of management.

Their Technology Advantage:

What That Means For The Customer

• Faster than Physical Desktops
• More Cost Effective than Other Virtual Solutions
• Built for Physical Desktop Admins
• Scalable AND Fast
• Purpose Built for Multi-site Deployments
• Autonomous Resource Scheduling

Faster than Physical Desktops.

Computing power is more efficient on a server than on multiple physical desktops. By removing the performance bottleneck of an attached, proprietary storage network, V3 provides blazing fast performance, 2-8x faster than physical desktops.

More Cost Effective than Other Virtual Solutions

Never mind the savings on the specialized staff you’ll need with other solutions. Those solutions also require at least 3 servers to deliver the first user. Then you scale up a server at a time. They start with 1 server.

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#1. Potential Breakout Catalyst For (ANY) - Low Float

According to Yahoo Finance, ANY has a low float.

The website reports this profile to have approximately 4.84Mn shares in its float.

Why is that important? It's important on one crucial level. Volatility.

With so few shares available for trading, potential catalysts like a positive press release can send shares heading vertical in the short-term.

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#2. Potential Breakout Catalyst For (ANY) - Oversold Leaning Technicals/Reversal Possibility

As of close Tuesday, ANY was displaying multiple oversold leaning technicals that could be signaling an upcoming bounce.

Here are a few to keep a close eye on (reported by Barchart):

• 9-Day Relative Strength Index: 37.13%

When these numbers drop down to the 30% range and lower, they can be viewed as being in oversold territory. While in this territory, they can paint the picture of a profile that is undervalued.

• 9-Day Raw Stochastic: 5.26%
• 9-Day Williams %R: 94.74%

As the Raw Stochastic nears the 10% range and lower and the Williams %R nears the 90% range or higher, these technical indicators may also be viewed as oversold and undervalued.

In recent weeks, ANY has been on a pullback since a February 9th high of $4.49.

From current levels, that February high provides ANY with huge upside potential over 100%.

Now, I'm not saying this profile is going to go surging to those levels today, but you need to recognize how much higher ANY was trading in the recent term.

Plus, this downtrend could be signaling a potential healthy reversal in this profile's future.

Here's the definition of a "reversal" from Investopedia:

"A reversal is a change in the price direction of an asset. A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside. Reversals are based on overall price direction and are not typically based on one or two periods/bars on a chart."

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#3. Potential Breakout Catalyst For (ANY) - History Of Big Short Term Breakouts

ANY has been an explosive breakout beast over the past year. Just check out its chart:

In the past 52-week stretch, ANY has gone on multiple dollar+ short term runs.

Here's a quick list:

1.) On 6/25/20, ANY hit a low of $2.10 before leaping to a high of $3.33 on 6/26/20.

2.) On 7/10/20, ANY hit a low of $2.92 before surging to a high of $5.55 on 7/13/20.

3.) More recently on 1/25/21, ANY opened at $1.93 before rocketing to an intraday high of $3.41

4.) From a 2/3/21 low of $2.10, ANY shot to a high of $4.49 on 2/9/21.

5.) Last month, ANY blasted from a 3/5/21 low of $1.89 to a $3.00 high of 3/16/21.

All these huge moves happened within a span of 2 weeks individually.

Could its next big move be right around the corner?

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Coverage is officially initiated on Nasdaq profile (ANY). When you have a moment later, do this:

If there are any more updates today, I'll get them out to you quickly.

Sincerely,

Kai Parker

StockWireNews

Company Website

(Always Remember The Stock Prices Could Be Significantly Lower Now From The Dates I Provided.)