$SURG Multiple Technical Bull Signals in Play

Dec 18, 2019

SURG

SURG (Surge Holdings Inc.) is a retail supply chain company that provides a virtual wholesale marketplace hub for retailers, as well as telecom services for low income customers and financial payment services for the unbanked and underbanked.

Surge products are delivered through a nationwide network of convenience stores and corner markets connected to the recently launched SurgePays Network.

This retail platform is designed to transform the traditional supply chain by providing local retailers seamless access to global products and to empower the corner store to select, order and fulfill delivery of wholesale goods from around the country.

This platform also provides manufacturers a cost-effective and efficient platform to access point of sale retailers nationwide.


Key Points:
• SURG is attacking the part of the digital commerce map that no one else has managed to conquer: the underbanked in the developed economies, which represents a massive market world hundreds of billions.
• SURG is already making real money, with trailing revs coming in at 16M.
• SURG is starting to see major topline growth, with quarterly y/y revs increasing at 21%.
• SURG acquisition of ECS added $48 million in annualized revenue and 9,800 retail stores
• SURG shares recently received a target at the $3.25 level from Goldman Small Cap Research, representing 983% potential upside for shares according to this analysis.
• SURG is coming off an RSI trough under 40, pointing to a massively oversold stock now heading back the other way.
• SURG just recorded a MACD Bullish reversal, suggesting a technical change in trend.