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WPWR – Promotion/Continued Momentum/Breakout – (Well Power, Inc.) – closed up 17.42%, at .728 a share, on more than 13.7 million shares traded Wednesday. Well Power Inc has secured the licensing rights to Texas with the first right of refusal on other US states to a new technology solution to process waste natural gas, such as vented, flared or stranded gas, into “clean power” and engineered fuels. WPWR had another big day today, as volume continues to increase, and the stock closed just below it’s newly created high of .73. It will likely open over that level tomorrow, but if volume continues to increase, we could see WPWR testing or breaching the $1.00 before it’s all said and done. Keep it on close watch.
PHOT – Potential Continued Breakout – (GrowLife, Inc.) – closed up 13.72%, at .395 a share, on more than 38.9 million shares traded Wednesday. GrowLife, Inc. is a company with core holdings in innovative technology-based products and services for the indoor gardening industry and specialty markets. PHOT continued higher today, after confirming heavy support near .30 just yesterday, and still has it’s eyes set on closing over the .40 mark and breaking out from there. The stock has battled this price level three times already, but has yet to close over it. If shares of PHOT do close over .40, we would expect volume and momentum to pick up again. Keep it on close watch.
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The Penny Stock Experts Team at Todayspickis.com
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