Stocks To Watch 05/01/13 – WSGP DHSM TALK

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The majority of the plays on our watch today had an overall strong day, with only FLPC closing down, and one will continue to be on close watch into tomorrow. FLPC released exciting news today, that wasn’t received as well as expected by investors, but could have a much greater effect over the long term now that a significant amount of necessary non-dilutive financing as been closed on. Continue to keep it on watch as the Company plans to move into production soon.



WSGP  Potential Breakout – (Western Graphite Inc.) – closed up 13.27%, at $1.11c a share, on over 1.66 million shares traded today. The stock saw a nice increase in volume, opening above resistance at $1.00, which set the precedent for today’s session, and traded as high as $1.12 on the day. With minor support now building at the $1.00 level, the stock could keep creating new highs over the short term. Look for a break of today’s high at $1.12 tomorrow to spark another potential rally in the stock. Keep it on close watch.



DHSM  Volume/Momentum – (DHS Holding Co.) – closed up a whopping 175% today, at .0033c a share, on over 119.2 million shares traded today. The Company announced before market open their launch of an online casino, Lucky Fox Casino, < a href="http://online.wsj.com/article/PR-CO-20130430-910768.html?mod=googlenews_wsj" target="" class="">HERE. As a result, volume poured into the stock and shares responded well, closing at today’s high of .0033c. Major resistance sits at .0044c, where the stock’s 50 day moving average is, and it will need to break that price before moving any higher, but still has room up to that level. Keep it on close watch tomorrow.



TALK  Accumulation/Promotion – (iTalk Inc.) – closed up 4.29%, at $1.02c a share, on over 2.63 million shares traded. Last Friday the stock traded over 7.5 million shares between .72 and .88c, and has since kept moving up, creating new highs of $1.06 today and closing slightly off them. Interestingly enough, through all this volume, it’s still quite unknown why the stock has received so much interest, but could become apparent real soon. Heavy support sits in the .90c range and will be a spot to keep an eye on. Keep this one on close watch.



Happy Trading!

The Penny Stock Experts Team at Todayspickis.com



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