Midday Updates – ACI, ENTB

Arch Coal, Inc. ACI

ACI looks to us like a bottom-feeders’ dream. We are adding this play to our bottom-play radars today, as it has just come to our attention. This is one bargain stock that may end up making us very happy that we caught it on the heels of itsĀ  52-week low (5.62, reached on Friday).

We want to monitor this play going forward, with the stock seeing a bit of green today at 6.07, being as low as 5.916- we’d like to see it continue to make higher lows off of its recent bottom.

The key level of support to hold would be 5.62, and from these levels, we think it realistic to imagineĀ that the recovery here could be another great opportunity for substantial gains.

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Entest BioMedical Inc. ENTB

ENTB was as low as .01 on Friday when we added it to our newsletter, stating that, “Generally, a stock that has displayed these kinds of gains over a relatively short period are in for a bit of a slide; something that is generally followed up by a bounce. That is what we will be awaiting.”

We certainly didn’t have to wait very long. Today’s high of .018 represents an 80% gain, quick-as-you-please, and served up to us on a silver platter this morning!

It even prompted one of our faithul readers to send us an email expressing his gratitude for the heads-up call: “ENTB was a monster today. As usual, great service. The best part? The day’s not even over!”

As always, we welcome correspondence from our subscribers, so feel free to drop us a line!

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Extended Watchlist:

OMVE, ATRN, ICPA,THWI, JASO

ATRN, ARNA & Today’s Extended Watchlist

 

Atrinsic, Inc. ATRN

ATRN is a stock we have been covering for quite some time. Some of you may recall the huge run exhibited by the stock earlier this year. Following our alert in January, the stock was trading as low as .012, only to hit a high of .3599 by February for one of our biggest gains all year, totaling 2899% .

As for the present situation, the stock has not been this low since January, and while we do not expect a run of the magnitude we saw before, even a run to the 50DMA of .07, from this level would yield a gain of 100%

We’d like to see the stock hold its key level of support .035, and are looking for a break past .05 (20DMA), which is the first main area of resistance.

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Arena Pharmaceuticals, Inc. ARNA

ARNA continues to pile up the gains since we began mentioning it back on May 11th , having risen a total of 53% since that time.

We said that the time leading up to the company’s prosposed FDA approval date of 06/27 was going to be interesting, and we were correct. The stock continues to run as we approach zero hour, and we are certainly excited to see the results, and how the stock is affected at that time.

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Extended Watchlist:

XG (Coming off lows), WEST, ICPA, THWI,