VERB Is Making Early Moves On Breaking News Today, Currently Up Approximately 12%
Barchart Reports VERB To Be A "100% BUY" Based On Overall Technical Indicators
VERB is off to a strong start.
Currently up approximately 12%, VERB has already hit a high of $2.70.
Today's early burst could have a lot to do with the company's major press release. Read it now:
VERB to Offer Its Livestream eCommerce App Free to All Small Businesses in the U.S. Affected by the Pandemic
NEWPORT BEACH, Calif. and SALT LAKE CITY, Feb. 24, 2021 (GLOBE NEWSWIRE) -- VERB Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), a rapidly emerging market leader in business-focused interactive video sales and marketing tools, including livestream ecommerce, CRM, and content management applications, today announced that it is offering its LIVE STREAM ECOMMERCE technology to small businesses all over the country for free to help navigate the challenges the pandemic has created. Through their verbTEAMS app, users can create their own QVC and Home Shopping Network-style live broadcasts showcasing and promoting their products or services with one big difference - viewers can actually click right in the livestream video broadcast and purchase in real-time. It also has an on-screen real-time interactive chat feature that produces a true social experience allowing viewers to ask questions of the host as well as chat with one another during the live broadcast. It’s as close as you can get to an actual in-store buying experience, and in many ways better, more engaging and more fun. Think Zoom and Shopify combined with your favorite live chat feature.
Read the full article here.
Wow! That's some awesome news.
Pair this with VERB's other potential catalysts including a stunning amount of triggered technical indicators and we could see a continued vertical move short term.
If you haven't read my initial report, do so now and get VERB on your radar now.
As a result of the pandemic, online shopping has taken over the retail market.
Government-imposed safety measures have been a main driving force behind this massive shift, with many choosing to stay indoors. And as online shopping becomes the new norm among consumers, many companies have had to rethink their business models to account for this change.
According to a study conducted by DealAid, 90% of consumers have spent more time shopping online since the start of the health crisis.
A recent McKinsey report showed that more than 60% of consumers had changed their shopping habits, and shopping online is expected to grow 37% more next year.
And in observing these new spending behaviors, it's important for companies to create engagement that corresponds with this new landscape (which doesn't seem to be going away any time soon).
There is one such company to get on your radar now that is helping companies adapt to this online market:
Verb Technology Company, Inc. (VERB)
Verb Technology Company, Inc. (NASDAQ: VERB) is rapidly emerging as the market leader in interactive video-based customer relationship management (“CRM”) sales and marketing applications. With offices in California and Utah, VERB provides next-generation CRM lead generation, sales enablement, and video marketing software applications to sales-based organizations in 60 countries and in 48 languages.
The Company’s proprietary and patent-pending technology platform produces real-time, measurable results with some customers reporting greater than 600% increases in conversion rates. VERB's software-as-a-service (SaaS) products are cloud-based, accessible on all mobile and desktop devices, and are available by subscription for individual and enterprise users.
Right now, VERB has 5 potential catalysts that could lead to a continued vertical move in the short term. They are as follows...
Your No. 1 Potential VERB Catalyst - Bullish Technicals
As of close Tuesday, VERB had several triggered technical indicators that could be signaling a continued vertical move we've seen in recent days.
Here are the bullish technicals triggered according to Barchart:
Short Term Indicators
20 Day Moving Average
20 - 50 Day MACD Oscillator
20 - 100 Day MACD Oscillator
20 - 200 Day MACD Oscillator
Medium Term Indicators
50 Day Moving Average
50 - 100 Day MACD Oscillator
50 - 150 Day MACD Oscillator
50 - 200 Day MACD Oscillator
Long Term Indicators
100 Day Moving Average
150 Day Moving Average
200 Day Moving Average
100 - 200 Day MACD Oscillator
The website also reports VERB's composite "TrendSpotter" indicator to be triggered as a "BUY."
Furthermore, Barchart recognizes VERB as a "100% BUY" in the short, medium and long term while giving this profile a "100% BUY" based on overall technical indicators.
Your No. 2 Potential VERB Catalyst - Chart Growth/Trading From Support
Take a look at the moves VERB has been making over the past 3 months: