Latest news for Location Based (OTC:LBAS) Stock

Location Based Technologies Inc is engaged in supplying fleet trackers, a small, affordable, fully sealed vehicle tracking system (combined GPS, wireless, and WiFi technology) designed to track and display vehicles and other mobile assets on the go. It is designed to be quickly installed and features easy-to-use user interfaces, including browser and apps. Its product offering includes PocketFinder. The company generates revenue from Device Sales and Services.

LOCATION BASED TECHS INC by Location Based Technologies, Inc.

Location Based Technologies Inc

Location Based Technologies (OTCBB:LBAS), today announced it has
received a $1.2M purchase order from Grupo Paramuen SA de C.V, a GPS solutions
provider for the B2B mobile electronics market in Mexico.

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Location Based Technologies Receives $1.2M Purchase Order from Grupo Paramuen SA de C.V

Shares of Location Based Technologies (OTCBB: LBAS) are trading higher on the session by 5.49%, at $0.48. Shares have been grinding higher for the past few weeks and now have the 52-week high of $0.51 in their sights. 

Location Based Technologies has not seen a tick over $0.51 in over two years; this is important. A breech of the high could send a shockwave of buyers into the name, pumping even higher. 

Note that the 20-day, 50-day, and 200-day moving averages are upward sloping; however shares are also trading well above all three of those levels. Be sure to use tight stops on any breakout attempt, as shares could just as easily find an air-pocket and dive lower. 

Location Based Technologies, Inc. designs, develops, and sells personal, pet, and vehicle locator devices and services. The company is a developer of the PocketFinder family of products and the PocketFinder Network.

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