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ENZR (Energizer Resources Inc.) offered up to 25% in gain potential from open up to the session high, cooling off into the close which might lead to further consolidation tomorrow. Watch the stock for a potential dip trade sometime early Wednesday.
EPGL (EP Global Communications, Inc.) was a big winner off our watch list last month, doubling from our watch list mention near .05, but started this month off on a slightly more treacherous path, consolidating back to it’s 50 day moving average below .05. Since establishing a bottom at ideal support earlier this month, EPGL has built off those lows and is now creeping back up towards it’s high. Early consolidation could lead to a profitable trade as the day progresses.
INOH (In Ovations Holdings, Inc.) was placed on our watch list last week, as we noticed a consistent trend of higher highs and higher lows developing in the stock, a bullish trend that has continued into this week. We noted that resistance was forming at .0014, a level that was breached today as the stock moved to a new high of .0016; if INOH can break past today’s high tomorrow, it could be testing the .002 level soon. If it fails to break .0016, look for support to form again higher before the stock tests resistance again, and eventually it might break out of this pattern in a bigger way.
CICI (Communication Intelligence Corp.) traded more volume in one day today than it has traded each week over the past couple years, which was enough to propel the stock to a new 52 week high of .0445 where it closed the day. The company released no news, and there was active or previously conducted promotion that we could locate, so it will be interesting to see what may be forthcoming, if anything, and if the move continues from here. A few years ago, CICI moved from this level to more than .14, and still could have more room to go from today’s close.
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The Penny Stock Experts Team At TodaysPickis.com
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