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Hi Everyone & Welcome New Subscribers,
Well, it appears Summer may finally be here traders. Today was the first lackluster Monday we’ve had in awhile and it appears the thriftiness of the bulls is coming to temporary halt. The first actual sign of weakness in the DOW and other U.S. markets this year was apparent last week upon reactions following statements from the Federal Reserve. What does this mean? It means that things could be slower over the next few months, which means, don’t force the trade! Seek only the most optimal setups.
BIZM – Potential
Breakout – (Biozoom, Inc.) – closed up 8.49%, at $3.45 a share,
on over 2.95 million shares traded today. Shares closed just off today’s high
of $3.46, holding a low of $3.00, and establishing higher support as a result. The
Company caught more attention over the weekend with a full page write-up
featured in the New York Times on Sunday. It’s quite clear someone has an
interest in spreading the word about BIZM in a big way,
which could continue to equate to dollar signs for traders along the way. Keep
it on close watch tomorrow for more.
NORX – Continued Accumulation
Watch – (Norstra Energy, Inc.) – closed up 1.49%, at .82c a share, on
over 2.45 million shares traded today. Shares of NORX ontinue to see heavy
accumulation above the stock’s 50 day moving average at .77c, trading below
that level for a brief second today with a low of .766c, but closed higher. A
close above .90c seems to represent a better risk/reward setup than a buy at
this level, due to better confirmation of a breakout. For now, it will remain
on our close watch as shares continue to be accumulated and held above the 50
day moving average. Keep it on close watch yourself.
ARTH – Continued Accumulation Watch – (Arch
Therapeutics, Inc.) – closed even, up 0.00%, on 435,349
shares traded today. Almost exactly as we expected, shares dipped early in
today’s session, trading as low as .74c, before closing back over .90c. We also
saw larger sized bid orders appear late in the day, which gives the appearance
of continued interest in the stock. Interestingly enough, there seems to be a
lot of shares accumulated here lately with minimal actual attention to the
Company. Is the real rise in ARTH yet to come? We’ll just have to see. For now,
we suggest watching for a close over .95c or another price dip for the best
risk versus reward. Keep it on close watch.
The Penny Stock Experts Team at Todayspickis.com
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