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Both stocks from last night’s watch list were met with early resistance, which neither of them could recover from, but thankfully there are nicer setups for Friday. They are less volatile too, which makes them more stable in our opinion. Remember, our new pick comes your way first thing next week. Our last several picks have gone up several days after our alert, most still holding higher from our alert price(s).
Be on the lookout for our e-mail with more information this weekend!
GSAT – Potential Continued Breakout/New 52 Week Highs – (Globalstar Inc.) – closed up 7.45%, at $2.20 a share, on more than 6.93 million shares traded Thursday. Globalstar is a leading provider of mobile satellite voice and data services. Globalstar offers these services to commercial and recreational users in more than 120 countries around the world. The Company’s products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. Many land based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service. Shares of GSAT reached a new 52 week high of $2.07 today, breaching their previous high of $2.06, and held above $2.00 at the close. If shares can break past $2.07 tomorrow, we would expect a nice rally into next week. GSAT has been trending up for several months, and doesn’t look like it wants to stop going higher just yet.
FNMA – Potential Continue Breakout/Trend – (Fannie Mae) – closed up 1.97%, at $3.11 a share, on more than 10.6 million shares traded Thursday. Fannie Mae is a government-sponsored enterprise that was chartered by Congress in 1938 to support liquidity, stability and affordability in the secondary mortgage market, where existing mortgage-related assets are purchased and sold. Shares of FNMA continued higher off support today, after we mentioned the stock earlier in the week at $3.06 a share, but looks like it has room to keep moving up into next week, similar to GSAT (bearing everything goes as planned). If FNMA can break past Thursday’s high of $3.11, the possibility of that happening rises immensely. Keep it on close watch.
FITX – Potential Continued Breakout – (Creative Edge Nutrition, Inc.) – closed up 10.56%, at .0597c a share, on more than 90.8 million shares traded Thursday. Creative Edge Nutrition is a holding company and a Nutritional Supplement Company focused on developing innovative, high quality supplements. The company offers a broad spectrum of capsules, tablets, and powders, as well as science based products in the principal categories of weight management, nutrition challenges, energy and fitness. FITX continues to trend higher with strong volume, inching it’s way towards breaking major resistance at .065c, as investors continue to accumulate shares higher and higher. If you don’t know already, FITX has established a footprint in the cannabis sector, creating major partnerships with companies like PHOT (an outspoken favorite of ours), and as a result the stock is up more than 1000% over the past month. If shares can break and close above .065c over the short term, we would expect a potential rally or even squeeze higher. Keep it on close watch.
The Penny Stock Experts Team at Todayspickis.com
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