True Drinks Shares Cross Above 50-Day Average

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True Drinks Holdings, Inc. (OTCMKTS:TRUU), a company that markets and distributes nutritional supplement drinks, saw its stock price pass above its 50-day moving average during trading on Wednesday. The stock traded as high as $0.3225 before closing at $0.2901, with 115,457 shares changing hands.

Why it matters

Crossing above the 50-day moving average is often seen as a bullish signal, indicating that the stock may be on an upward trend. This could be good news for True Drinks, which produces and distributes a range of nutritional and CBD-infused products, as well as vapor products sold in around 90 countries.

The details

True Drinks Holdings, Inc. was formerly known as True Drinks, Inc. and changed its name in October 2012. The company's main product is Bazi All Natural Energy, a liquid nutritional supplement drink sold through its website drinkbazi.com. True Drinks also formulates products containing CBD and produces and distributes vapor products globally.

• On Wednesday, True Drinks' stock price passed above its 50-day moving average of $0.29.

What’s next

Investors will be watching to see if True Drinks' stock price can maintain its momentum and continue climbing above the 50-day moving average, which could signal further upside potential.