FORWARD INDUSTRIES, INC. ( FORD ) is engaged in the business of designing, manufacturing and selling of custom soft-sided carrying cases and advertising specialties. All of those portable electronic devices everyone is buying needs protection and carrying cases. That is what FORD does. You might not see their name on their products because most of their sales are on a contract basis for manufacturers of the products they protect.
This is a pure momentum play so keep your stop losses in place. The stock trades around 5.03 with a 50 day moving average of 3.57.
The stock has increased in price in 12 of the last 20 trading sessions and was 5 for 5 during the last week. The stock has appreciated 66.23% in the last month so please keep those stop losses tight. Barchart's technical indicators have 12 of a possible 13 indicators signaling a buy for a 96% buy signal.
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