Day: March 16, 2012

NEOM | NeoMedia Technologies, Inc. | Big Momentum

NeoMedia Technologies, Inc. NEOM

We wanted to mention NEOM as a momentum play this afternoon. We’ve watched this thing climb up recently, and with the kind of movement and volume flooding into this play at present, we have to assume that Monday morning could have gap-up potential.

Normally we wouldn’t give the heads-up on a play that had already experienced such a dramatic increase, but this thing is getting a lot of attention. For savvy traders, a quick flip into Monday could be possible here.

IDOI CADY, NURO & Today’s Extended Watchlist

IDO Security, Inc. IDOI

IDOI is going to be our main focal point heading into the weekend. The chart is still looking ripe, as we’ve pointed out below. At present, we feel that IDOI is as promising a play as any of the other stocks we’ve covered of late.

IDOI has made higher lows for five of the past six sessions, and we’ve noticed increased volume, which are both good indicators.

As you can see there are a few different indications of uptrend on this chart, which has just begun stair-stepping its way up, still with plenty of upside to be had.

Digital Caddies, Inc.

CADY wasn’t a blockbuster on Thursday, however held support at .34, making higher lows than the previous two days. It looks consistent, with the chance to bounce off of its bottom. We would like to see the support at .32 and .34 hold into next week.

NeuroMetrix, Inc. NURO

NURO is just a new bottom play that we wanted to mention quickly this morning. Now trading in the .70’s the stock was recently as high as the 1.40’s, and is just coming off its 52-wk low of .66. We can rarely resist the chance to bring plays near an annual low, as it so often results in successful swing trades. We live for bottom-bouncers!

Today’s Extended Watchlist:
CRPZ, IRBL