Communication Sector OTC Outperformers

By: Tomas Ronolski - AllPennyStocks.com News

Wednesday, October 21, 2020

There has been quite the back and forth in the market today, as the five of the eleven major sectors in the S&P 500 are in negative territory heading into the final hour of trade. The Communication sector, however, is standing out in a major way, currently trading up +2.41% in afternoon trade!

OTC Highlights:

There are two companies within the sector trading OTC that I’d like to touch on from a technical standpoint.

AmpliTech Group, Inc. (OTCQB:AMPG) is up over 14% on slightly above average volume. Since no headlines were announced, taking a look at the technicals, it looks like this move is simply a strong continuation of this week’s rally. This move comes just a day after the stock crossed over its 50-day SMA on stronger volume.

On the other side of the performance spectrum lies BT Group Plc (OTC-PNK:BTGOF). While only down .62% on the day, this United Kingdom-based company was on my radar due to the resistance the stock faced last week. On 10/13/20, the stock’s seven-day rally was halted after the price came into contact with its 100-day SMA. The stock has since dropped by 8.5% and is trying to find some support from late September lows.

Copyright © 2020 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.