Powerbridge Technologies Co Ltd (NASDAQ:PBTS) Stock Sees Bullish Action

There may not have been any news from Powerbridge Technologies Co Ltd (NASDAQ:PBTS) last Thursday, but the company’s shares rallied nonetheless and ended the day with gains of up to 8%. Against this backdrop, it may make sense for investors to take a look at a development since March 30.

Commercial data

On Thursday, PBTS stock gained 8% to $0.3413 with more than 37.23 million shares, compared to its average volume of 2.67 million shares. The stock moved in a range from $0.3413 to $0.4197 after opening trading at $0.40.

Recent News

The technology solutions company which works in various industries announced at the time that its Powerbridge smart monitoring platform had in fact been selected as the first choice of procurement for a range of entities by the Office of Scientific Innovation. and Technology of Zhuhai City.

This was a major development for the company as it could open up a major market for Powerbridge, however, it is also true that the latest rally is unlikely to be related to this. It may be a good idea now for investors to consider adding Powerbridge stock to their watchlists and watch new developments with a hawk eye. It will be interesting to see if the stock can actually continue to maintain its momentum and add to its gains over the next few days.

technical data

PBTS stock is trading below the 20-day and 50-day moving averages of $0.35 and $0.37 respectively. Additionally, the stock is trading below the 200-day moving average of $0.94.