Stocks To Watch For Wednesday 12/18/13 – OLIE NAMG ENIP

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PHOT opened strong, but met heavy resistance at .15c and traded sideways most of the day, selling off later in the session. Pulling up a chart on the stock shows that this has happened before, and PHOT has fought back and charged higher several times. It might be one to keep on your watch for a buy on this dip.

OLIE – Potential Continued Breakout – (Olie Inc.) – closed up a whopping 536.36%, at .014c a share, on record trading volume of more than 180.2 million shares traded Tuesday. 

OLIE Inc (OTCQB: OLIE) provides specific corporate restructuring advisory & consulting services for client issuers & private companies. 

The mission of Olie Inc. is to identify strong commercial opportunities at opportune timing. OLIE was easily the hottest trade Tuesday, rallying the entire day with incredible volume, and closed just off the session high of .0144c. Bearing the stock doesn’t open up too much higher above today’s close tomorrow morning, it could another exciting day Wednesday. It will be hard to surpass today’s volume, so we would expect the stock to find a top sometime tomorrow afternoon at the latest and sell off into Thursday, simply because it is up the tune of more than 2200% on nearly 300 million shares this week, and will likely need to consolidate some if it has any shot at sustaining this incredible move in price. Keep it on close watch for a dip shortly after tomorrow’s open, even if it opens above today’s close, that could make for a quick, profitable swing trade. 


 


NAMG – Potential Continued Bounce – (North American Oil & Gas Corp.) – closed up 8.30%, at .65c a share, on 556,511 shares traded Tuesday. North American Oil and Gas Corporation (“NAMG”) is a publicly listed oil and gas Company. The Company is focused on the prolific San Joaquin Basin, onshore California, with existing foundation assets targeting exploration and exploitation of high impact oil and gas projects located near infrastructure and existing discoveries. Shares of 

NAMG

 found support at a new low of .56c this morning, bouncing nicely off that level to close at today’s high of .65c, and could continue higher tomorrow. 

NAMG 

has a distinct pattern and history of bouncing for multiple days after trading down for multiple days, and the same pattern could be forming again. Keep it on close watch tomorrow.



ENIP – Potential Continued Bounce – (Endeavor IP, Inc.) – closed up 17.99%, at .715c a share, on more than 2.3 million shares traded Tuesday. Endeavor IP, Inc. is an intellectual property services and patent licensing company that is engaged in the acquisition and licensing of intellectual property. Endeavor is based in Half Moon Bay, CA. ENIP continued it’s bounce higher from new lows at it’s 200 day moving average near .40c last week, trading with record volume of more than 2.3 million shares today. The stock traded to a high of .748c, closing not far off that level, and held a low more than .04c above Monday’s close of .606c. The stock really only caught our attention because of this jump in volume, which is directly attributed to a new round of newsletters being sent on the stock, but it could indicate a top in price that the stock could inevitably fall, and fall hard from, over the next few days. If volume continues to be strong and ENIP pushes above .90c again, it could get interesting again. Keep it on watch.



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The Penny Stock Experts Team at Todayspickis.com


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