Jones Soda Co. JSDA
We are alerting JSDA as a momentum mover/bottom bouncer this morning. The stock had news yesterday which has facilitated the start of an uptrend. We don’t often cover NASDAQ plays, unless conditions are just right.
The stock has been known for rapid, massive gains in the past, and after nearly a year of slow decline, JSDA finally looks as if it is primed for a reversal of fortune.
The sheer number of authorized retailers pointed out in yesterday’s press release is fairly impressive, with some of the nation’s largest grocery chains being added to the list of authorized Jones Soda Products vendors. It should be interesting to see how such a stride will be received by the investment community.
SEATTLE, WA, Dec 05, 2011 (MARKETWIRE via COMTEX) — Jones Soda Co. (NASDAQ: JSDA), a leader in the premium soda category and known for its unique branding and innovative marketing, today announced it has received 2012 retail authorizations from several U.S. chains, including grocery giants Safeway, Winn-Dixie and Publix, Kum & Go convenience stores and all U.S. military commissaries. Jones has added several new chains in Canada as well, including Food Land, which further expands Jones’ product distribution within the Sobeys chain of stores. Earlier in the year Jones Soda also secured authorizations for Ralphs, Albertsons, Giant Eagle, Cub Foods and ShopRite stores.