Stocks To Watch For Wednesday 02/26/14 – FNMA WPWR ONCS

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FNMA and WPWR combined for gains of more than 30% collectively at today’s close, which made for a great day if you played either of them after our heads up on last night’s list. They’re going to be on top of our watch tomorrow for even more gains too.

FNMA – Potential Continue Breakout – (Fannie Mae) – closed up 12.85%, at $4.04, on more than 41.3 million shares traded Tuesday. 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 closed over $4.00 today, a level we suspect it might test/break this week, and has it’s sight set on even higher ground tomorrow. Volume wasn’t as strong Tuesday, however, as it was Monday, which could equate to profit taking after some early momentum Wednesday. This should be a good one to keep an eye on after a day or two of downside following this rally for a ‘buy on the dip’. Keep it on close watch.

WPWR  Promotion/Continued Momentum/Breakout – (Well Power, Inc.) – closed up 21.57%, at .62 a share, on more than 10 million shares traded Tuesday. 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 saw more nice gains today, just as we thought it might, closing over the .60 level today just off it’s new high of .6235. Can WPWR get to .75 or .80 tomorrow? Keep it on close watch.

ONCS – Potential Continued Breakout – (OncoSec Medical) – closed up 23.43%, at .696 a share, on more than 14.3 million shares traded Tuesday. OncoSec Medical Inc. is a biopharmaceutical company developing its advanced-stage ImmunoPulse immunotherapy to treat solid tumors. OncoSec Medical’s core technology leverages a proprietary electroporation platform to enhance the local delivery and uptake of IL-12 and other DNA-based immunocytokines. Shares of ONCS continued higher today in a big way, with more money flowing through the stock than ever before, as shares reached a high of .71 today before meeting resistance. ONCS may test .80 early tomorrow before seeing anymore resistance, but will need to break above .71 first. Over the next few weeks, it doesn’t seem like a $1.00 or higher price tag is an unrealistic target. Keep it on close watch.



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