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- BRCC has recently seen a buy and sell from the big investors and may see an upside move.
- Technical indicators of BRCC are favoring the downside trend. It is currently trading near $5.91
Black Rifle Coffee Company (BRCC) is a veteran-owned and operated coffee company that was founded in 2014. BRCC is unique in the coffee industry for several reasons. Firstly, the company’s commitment to quality is reflected in the sourcing of its beans, which are all specialty-grade, and roasted to order to ensure maximum freshness. Secondly, BRCC is known for its unique blends and flavors that cater to coffee lovers with a taste for bold and intense coffee. The company offers a wide range of blends, including single-origin and flavored coffee, catering to different preferences.Another aspect that sets BRCC apart is its commitment to supporting veterans, law enforcement officers, and first responders. The company’s products are designed with these groups in mind and a portion of the proceeds from each sale goes towards supporting organizations that support these communities.BRCC is also known for its distinctive branding and packaging, which reflects the company’s military and patriotic heritage. The company’s packaging is designed to be convenient and portable, making it ideal for coffee lovers on-the-go.
BRCC stock has a market cap of $322 Million and a negative EPS. Various analysts are expecting a rise in the upcoming months.
Bulls Of BRCC Are On Sleep
The weekly technical chart of the BRCC suggests a consolidated trend in price. On the daily chart it is trading near the value of $5.91 with a drop of 6%. The upside move of the BRCC can see a halt near the value of $8.Meanwhile the support of the asset price can be seen near $4. BRCC stock price has recently seen a downfall in the intraday session. It can hit a low of $4 before jumping back.It is trading below the 50 and 100 Daily Moving Average. There can be a negative crossover which can push the asset price down to a new low.
Conclusion
BRCC has been observing a downside move and can hit a low of $4 before jumping back. Various analysts are expecting a strong growth in the upcoming quarter.
Technical Levels
Major Resistance:$8
Major Support:$4
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
