Stocks To Watch Half Day 11/23/12 – ELAY OSGIQ LNET CTLE SLIO

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To all who celebrate Thanksgiving in the United States – We hope you had a Happy Thanksgiving! With the market closed today, and a major shopping holiday tomorrow (Black Friday), markets will only be open for a half day, closing at 1:00 P.M. EST Friday. 



ELAY  Momentum/Volume – (eLayaway, Inc.) closed up over 72% Wednesday on over 122 million shares traded. eLayaway, Inc. has been on the top of our watch several times this week and has seen up to 200% gains since breaking over .005c, which we stated was a major resistance for the stock. Volume and momentum picked up again Wednesday and the stock still looks strong going into Friday. Look for .017 (the stocks 200 day moving average) to be a point of resistance, as well as the recent high of .015.


OSGIQ  Bounce/Momentum – (Overseas Shipholding Group, Inc.) closed up 42.59% at .847c Wednesday as the company’s stock price trended higher the entire day. The company was featured on our blog Sunday night for Monday trading, on bounce/momentum watch, but traded sideways til Wednesday morning. The stock could test $1.00 as early as tomorrow if momentum keeps up. 

LNET  Bounce/Volume – (LodgeNet Interactive Corp.) closed up over 105% on Wednesday at .215c a share with over 5.2 million shares traded. Like OSGIQ, the stock is bouncing off of recent 52 week lows, but has seen better volume off recent lows like that of ELAY. It will be interesting to see how this develops tomorrow. As a Nasdaq ticker the company will have a lot more action in post / pre-market, which could leave gaps on the chart. If open prices are reasonable, it may have a shot at closing a recent gap down between .30-.40c. Keep this stock on your watch list.


CTLE  Continued Promotion – (Nano Labs Corp.) closed up 9.09% Wednesday as shares closed at new 52 week highs of $1.32. The stock has been on our blog quite a bit since our initial feature on 11/13/12 when the price was just $1.00 a share. Who can complain with 30% gains? With volume coming back in the stock, it’s worth keeping on your radar, whether short or long.


SLIO  Bounce/Momentum – (Solo International Inc.) closed up 14.41% on Wednesday on light but increasing volume at .0135 a share. We mentioned on our blog Sunday night to keep the stock on light watch as shares have fallen more than 90% off of recent highs. Look for confirmation of a bounce with continued volume and green.



Happy Trading!


The Penny Stock Experts Team at Todayspickis.com

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