After hitting another 52-week low at the beginning of this week, BRAINY BRANDS CO INC (OTC:TBBC) made an upward curve made by four consecutive trading sessions of positive price changes.
The positive wind started blowing at TBBC with the announcement made on Monday. Then, the company announced its new line of wooden toys, the first series being Flash Cards which will be available for purchase in the last quarter of this year.
Three days later, TBBC issued a press release to inform investors that it would begin selling its baby products online at ToysWiz.com.
The issued news apparently have had positive influence on TBBC stock. Thus, after starting at $0.24 per share at the beginning of the week, TBBC finished at $0.32 on Friday, which is on overall increase of 33%. [BANNER]
In the last session, the surge of TBBC was supported by a considerably higher trading volume. Nearly 373 thousand shares changed hands, which is four times higher than the daily average.
The company also had a rising MACD indicator, which had backed up the positive mood created in the last week.
With this set up at hand, it is likely that investors have started to ask themselves how long TBBC will manage to keep the bearish mood on the market.
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