Home Tech Traders Keep Eye on Gopher Protocol Inc (OTCMKTS:GOPH)

Traders Keep Eye on Gopher Protocol Inc (OTCMKTS:GOPH)

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Russia, Poltavskaya village - May 1, 2016: Quadrocopters on a plastic box in the grass. Preparation quadrocopter to fly.

Gopher Protocol Inc (OTCMKTS:GOPH)

Shares of Gopher Protocol Inc (OTCMKTS:GOPH) are down over 10%, to $0.615, in early trading as traders take profit from yesterday’s price action which saw GOPH stock close above $0.70 for the first time since late May 2017. Volume is moderately high for the mobile technology provider’s shares.

Gopher Protocol Inc (OTCMKTS:GOPH)

Yesterday’s price action was motivated by a company press release that introduced Gopher Protocol Inc (OTCMKTS:GOPH) “dDrone” technology, which uses Artificial Intelligence (AI) to create what is believed to be the world’s first” Smart Drone.” Gopher AI drone technology uses machine learning to give drones advanced flight capabilities.

About Gopher Protocol

Gopher Protocol Inc (OTCMKTS:GOPH) develops mobile technology that centers around a “Patch”. Gopher implants a microchip within a sticky patch package (the Patch). The Patch can be affixed to any object, mobile or static, which will enable the object to which it is affixed to be tracked remotely. The Patch will also perform an emergency feature. The Patch also alerts the user’s friends and family about the user’s location. Gopher Protocol Inc (OTCMKTS:GOPH) also developed Gopher Epsilon Software, which is an internal platform that has been developed as a designated tool for the mobile industry to improve signoff Reliability Verification (RV).

GOPH Stock Performance

GOPH stock has a 52-week low of $0.16 which was hit last month. Since then the stock has risen to yesterday’s high of $0.72. However, that price is well below the 52-week high of $1.30 established in February.

GOPH stock has a Relative Strength Index (RSI) score of 79. Traders would normally take this level to indicate a condition of “overbought”. However, some traders that actively day trade also take an RSI score over 70 as a chance to ride momentum.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

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