The technology works by allowing wireless devices to be charged from up to 3 feet away from the transmitter using RF signals and can charge smaller devices like smartphones and earbuds. The transmitter is called "WattUp". This will be a huge positive change free from cords to charge our wireless devices moving forward.
Last night when the news broke, $WATT shot immediately up to $14.50. This morning during pre market trading it went as high as $18.85. There was some profit taking at the open and the stock sold off to a low of $15.30. Around 1:15pm the stock broke the high of the day and continued its ascent to a brand new all time high of $24.10 on all time high volume of over 43 million shares.
With this great news and no resistance in sight, we should see a continuation move even higher.
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