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Hi Everyone & Welcome New Subscribers,
We hope all of you have enjoyed a nice weekend.
Last week was a bit slow following the July 4th holiday, but there is always something moving. Last week, AVXL (Anavex Life Sciences Corp.) led U.S. listed OTC stocks below $1.00 in overall dollar volume, with nearly $20M exchanging hands at an average price of .516, up nearly 14% last week. With that being said, and as they say, we are following the money and placing the stock on top of our watch to start the week.
LEOM (Leo Motors, Inc.) – Potential Continued Breakout – was placed on our watch list late last week, not met with immediate excitement, and held up well to close the week up more than 26% at it’s high of .48. Watch for this breakout to potentially continue past it’s most recent 52 week high of .50 tomorrow.
ARTH (Arch Therapeutics, Inc.) – Volume/Potential Continued Breakout – also finished at it’s weekly high, with it’s highest weekly volume in nearly 2 years of 5.5 million shares, and closed up more than 20% at .28. Keep the stock on watch for a breakout past .28 and potential continuation into the .30s.
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