New Technical Report on Stevia Corp. (STEV)! Hurry up and put STEV immediately on your radar and on top of your watchlist tomorrow morning as the chart looks to be waiting for its next leg up! STEV has a history of breaking out and heading to or over $1.00+. Can we be in store for another one of these bullish breakouts? This might be very possible as more smallcap investors are understanding the potential in Stevia's market. With obesity and diabetes at all time highs and many consumers looking to limit their sugar intake, Stevia may be the next potential industry wall street starts to eye more heavily. STEV is an emerging growth company in this exact industry focused on farm management, delivering high value stevia through breeding, agricultural and harvesting techniques.
Stevia and more importantly STEV was mentioned in a very popular online investment community blog that has a knack at finding and talking about emerging growth companies such as STEV. The investment community has hundreds of thousands of potential investors that has or will have read the promising industry post. A piece from the blog states that, "Our cravings for sugar are unlikely to go away. Perhaps, however, consumers will recognize the benefits of satisfying this craving with a healthier alternative - an alternative like stevia." <click here to read the blog>
With a relatively new and exciting company like STEV, what makes us more intrigued is the current technicals! Looking at the technical chart below, we see STEV currently sitting on strong support regions indicated by the purple circles showing a straight line. To back up this point, we also see green candles forming, this suggest that STEV is clearly trying move higher or find its next leg up in chart. We mentioned that STEV has a history of bullish breakouts and we can obviously see that it has the potential for bullish breakout trends. Today STEV closed at $.675 and has taken a whooping 58% haircut from the 52-week high of $1.60! Even if STEV heads back to dollarland or $1.00, that would be up to 48% in gains! STEV has previously shown us multi-day, even multi-week runs, can we be in store for another one of these rallies? This might be very possible if the momentum continues and more investors see the potential inSTEV market!
Just last month STEV announced some very promising news in our opinion that its, "pleased to advise that its entry into the Farm Management side of its business model has been met with rapid acceptance as the latest Farm Management Agreement has been entered into with its second Vietnam grower partner, Asia Stevia Investment Development Joint Stock Company (ASID), located in the city of Vinh, Vietnam. Under the terms of the agreement, Stevia Corp. will supply stevia seedlings and additional input products and services utilizing the G-Farm* system and Stevia Corp. will also have rights to off-take the non-stevia crops produced by inter/multi-cropping as part of the G-Farm system. This agreement provides the second major customer to employ farm management services and technologies provided by Stevia Corp.
ASID is currently trial growing stevia under a supply agreement with Stevia Corp. in a number of provinces in North Central Vietnam including 10 districts of Nghe An province, 3 districts of Ha Tinh province and one location in Binh Thuan province. Stevia Corp. expects to derive multiple benefits from the Agreement. Revenue will be generated from both the inputs and services Stevia Corp. will be providing as well as the non-stevia crops that are produced as part of the inter/multi-cropping. In addition, there will be a much greater chance of success when the local parties are committed to using the technologies and protocols that Stevia Corp. is developing with its technology partner Agro Genesis and considerable knowledge will also be gained from the initial farm trials conducted and will lay the foundation for large-scale commercialization.
As with the previously announced agreement in North Vietnam, ASID has dedicated 15 agronomy graduates to the project fieldwork to learn and implement the proprietary protocols under development by Stevia Corp. and its technology partner Agro Genesis. Mr. George Blankenbaker, Stevia Corp. President, comments, "We are very pleased that our grower partners are dedicated to our program and willing to invest the necessary resources to make this a successful project for all parties. Not only do these agreements enable us to earn revenue from our technology developments, but they hold the key for us to systematically control the implementation of our technologies at the field level and ensure success when we scale our program on a commercial scale." " <Click here to read full news release>.
Again put STEV immediately on your radar tomorrow morning as we monitor the current technicals and corporate developments this week!
More on Stevia Corp.:
Stevia Corp. is a farm management company focused on best practice agronomic competency in order to deliver high value stevia through proprietary plant breeding, excellent agricultural methodologies and innovative post-harvest techniques. To date, the Company has acquired two grower supply contracts and three nursery fields in Vietnam. For more information visit:www.steviacorp.us.
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