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Hi Everyone & Welcome New Subscribers,
We made it through the weekly Wednesday “hump” with minimal damage; although the stocks on our watch list had several swing trade opportunities, we didn’t see any follow-through breakouts as we would’ve liked. For tomorrow, we have a whole new set of stocks in focus.
CGRA (CGrowth Capital, Inc.) was today’s spotlight play, closing up exactly 100% on the day at .006 per share, with more than 77 million shares exchanging hands between .003-.007. Watch for a break past Wednesday’s high of .007 to potentially fuel a breakout higher, but watch closer if the stock dips back below .003 again over the short-mid term. It has had wild swings in it’s most recent trend, and has failed to continue higher for more than one big day, but with enough volume and momentum tomorrow it could break that trend. Keep the stock on top of your watch list.
BRWC (Boreal Water Collection, Inc.) traded record volume of more than 351 million shares between .0003-.0009, closing at .0008, up 100% on the day. The company announced that they are in the process of completing retirement of all convertible notes. To read this press release in it’s entirety, click HERE. Watch for a break of .0009 and more specifically .001 to potentially confirm a breakout higher in the stock.
SOMD (Studio One Media, Inc.) closed up 26.17% with 219,456 shares traded between .55-.65, and ended the day at .645 just off it’s high. Shares traded up to a high of .95 late last year, and the stock has been holding a higher trend on it’s weekly perspective since then. Keep an eye on the .50 range to hold as support moving forward, and watch for the stock to potentially keep inching higher if it does.
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