Winning Brands Corporation (PINK:WNBD) has been showing some extra active trades for the last seven days. The volume generated in the session pushed sharply up on Friday and since then it has been keeping a level above the daily average.
The volume started to rise due to the active issuance of press releases by the company. Two days ago, for example, WNBD announced that its stain remover product was listed in all Walmart Stores in Canada.
As a result, the stock hit 65 million traded shares, which is a volume four times higher than the daily average. The session was also marked with a 30% price jump of WNDB stock. [BANNER]
While the stock is still moving withing the confines of its trading channel, the MACD indicator has been showing a clear upward trend. Just recently the MACD line bounced off its moving average in an attempt to cross below it. Seemingly this has also stimulated the short-term traders to take an active part in the trade.
After the recent developments in the stock chart, WNBD is now at the resistance line, preparing to attack in the next sessions. So, investors will have an interesting trade to watch in the coming days.