PennyStockPickAlert.com sent out an Alert on SNWT this morning:
San West (SNWT) has been very active in growing its business, and it shows in its numerous announcements over the past few months.
The Company has consistently reported developments of increasing sales and tapping into market segments that have increased overall earnings.
Hence, these milestones have generated increasing growth figures. And I that has likely been the catalyst for the heightened positive sentiment which, in turn, has begun driving share prices upwards.
SNWT’s Top 4 Key Developments
#1. San West’s Online Sales Divisions Growth Exceeds 620% in 2010
Earlier this year, SNWT announced that total un-audited Internet sales for its partner website www.CountyImports.com approached two million three hundred thousan for calendar year 2010. This figure represents an increase of more than 629% over San West’s total online sales for 2009 (approximately three hundred twenty five dollars) and an increase of more than 111% over un-audited online sales logged by County Imports during 2009. And get this… these transactions are not associated with goods sold at any Buggy World brick & mortar locations or affiliate shops.
#2. San West Generates Record ONline Sales and Web Traffic for January 2011
Last month, SNWT announced that both sales and natural web traffic for e-commerce partner website www.CountyImports.com reached record levels during January of 2011. On a year-over-year basis, preliminary unaudited online sales increased approximately 20% in January while natural web traffic improved by more than 30%
#3. San West Generates Majore Online Sales Increase for January and February
Just this month, SNWT announced that preliminary unaudited sales for its burgeoning e-commerce business increased by 40% during the first two months of 2011. CEO Frank Dreschler stated, “2011 is shaping up to be a record year for San West, Inc.”
#4. San West and it E-Commerce Division Launch New “Green Friendly” Product to Help Battle Rising Fuel Prices
Just days ago, SNWT announce the launch of a variety of new product offerings designed to combat rising fuel prices throughout the United States. In addition to new electric bicycle and electric bicycle kit products, the company intends to launch a new series of motorized scooter products and other ORVs over the next two months that will help solidify its fuel efficient product suite and position the company to optimally capitalize on the trend towards higher gasoline prices. More details on this product releases are expected within the next 30 days.
With the continuous reports of increasing revenues and product expansions, SNWT looks to be on track to witness another year of significant growth.
There have been statements from SNWT management of additional updates and that could attract more positive sentiment which, in turn, could push shares higher. This could bode well for shareholders, especially in the near term.
SNWT Has Many Positive Favorable Technical Indicators
San West has been on an uptrend, so for those who like momentum plays, take a look at the following favorable technical indicators barchart.com has highlighted:
TrendSpotter
7 Day Average Directional Indicator
10-8 Day Moving Average
Hilo Channel
20 Day Moving Average vs Price
20 Day Bollinger Bands
40 Day Commodity Channel Index
50 Day Moving Average vs Price
50 Day Parabolic Time/Price
60 Day Commodity Channel Index
100 Day Moving Average vs Price
In my opinion, traders are beginning to notice the combination of increasing volume and price, plus the fundamental and technical factors pointing towards a further uptick.
With (1) SNWT trading around support levels, and (2) resistant levels measureably above the previous clos…watch for momentum to continue this week with SNWT!