Month: February 2012

BUCS, AGCZ & Today’s Extended Watchlist

Business Continuity Solutions Inc. BUCS

BUCS was first added to our watchlist a week ago today, as a bottom bounce play. We noticed the RSI recovering off of being slightly oversold, as well as a hint of a turnaround showing in the MACD.

At that time the PPS sat at just .025. Yesterday, the stock saw trades going off at .033, marking a 32% uptick in a week’s time. We notice that the bid support on this play is growing stronger, in the mid-to-high .02’s.

Last year, the stock was used to trading in the .05-.08, and has been as high as .055 as recently as Jan. 26th, leading us to believe that at the current PPS is in a good range to see additional upside.

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Andes Gold Corp. AGCZ

AGCZ has been on a steady uptrend this month, making higher lows and higher highs. On Thursday, the stock was up another 33% on the highest volume it has seen in over a year, yet there has been no recent announcements from the company.

With all of the volume that has begun to flow through AGCZ, we want afford it a spot on our watchlist moving forward, as the added activity could be a catalyst for added gains, should the momentum persist.

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Today’s Extended Watchlist:

Explortex Energy, Inc. EXPX

Exit Only, Inc. EXTO

&

America West Resources, Inc. AWSR

EXPX – Explortex Energy, Inc. – Possible Bounce-Play?

Explortex Energy, Inc. EXPX

EXPX has traded nearly 10X its 10-day average volume, and was down considerably this afternoon. When we see this phenomena, it always gets our bounce-play sense tingling.

Three times in the past ten weeks, EXPX has produced gains ranging between 50-200%, and today the stock has begun to exhibit signs of a bounce after having undergone a fairly large sell-off.

That is why we wanted to add this play to our radars this afternoon- it should be interesting to see how things unfold with this heading into the end of the week.

BUCS, EXTO | Today’s Stock Watchlist

Business Continuity Solutions Inc. BUCS

We called the bottom on BUCS on the 16th, at which time, the stock was trading around a low of .025. We saw a new high of .035 yesterday, for a gain of 40% from our initial mention.

We are still confident in the stock performing well from these levels. We of course would like to see the stock make both higher highs and lows, reaffirming its bullish status.
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Exit Only, Inc. EXTO

For those of you wondering why we continue to cover EXTO week in and week out for month upon months, we have drawn up a chart that illustrates our reasoning. This bouncy stock has created a flipper’s paradise, complete with predictable swings which are fit snugly into a substantially-pronounced uptrend.

From where it now stands, it doesn’t look like we are too many cycles away from testing previous highs reached this past summer at .0129. As if its predictable patterns didnt give enough of an indication, we are also seeing MACD and RSI states which are highly indicative of a continued uptrend in the short term.