Galena Biopharma, Inc. GALE
We were happy to see that GALE earned us a spot on Penny Stock Rumble’s Top Gainers List this week. From its low (Wed.) of 1.6525 to yesterday’s high of 2.10, we saw total possible gains of 27% The stock had news out, and closed strong on the day at 2.04 on around 3X the average volume.
The GALE Chart is exhibiting all the telltale signs of a momentum mover, and we’re glad we were watching closely enough to hitch a ride! As you can see below, the RSI is screaming toward the power zone, while the Slow STO and the PPO have just crossed and are swinging sharply to the North.
![](https://d2q0qd5iz04n9u.cloudfront.net/_ssl/proxy.php/http/gallery.mailchimp.com/69591e6119e16cf9ff528823d/images/GALE.png)
Yesterday’s News:
LAKE OSWEGO, Ore., Nov 29, 2012 (GlobeNewswire via COMTEX) — Galena Biopharma (Nasdaq:GALE), a biotechnology company focused on developing innovative, targeted oncology treatments addressing major unmet medical needs to advance cancer care, today announced two presentations at the 35th Annual CTRC-AACR San Antonio Breast Cancer Symposium. The event will be held December 4-8, 2012 at the Henry B. Gonzalez Convention Center in San Antonio, Texas.
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eDoorways International Corp. EDWY
EDWY first appeared on our extended watchlist this week. The stock recently ran from a low of .005 to a high of a nickel (+810%) between Sept 18 and Nov 1st. Following that big run, the stock consolidated to find support off of a penny-and-a-half.
Yesterday we observed trades as low as .0153, and as high as .025, for total possible gains of over 60% on the day. We are looking at key levels of resistance at .026 (20DMA) and .031 (200DMA), and judging by the history of the stock, a push past those levels could really lead to a serious breakout.
Indicators on the chart all seem to be shaping up rather nicely. We notice that the Accum/Dist has been steadily rising, the RSI is just on the cusp of breaking the 50DMA, and the PPO is currently pinching, hinting at a bullish cross. The bars on the histogram are also about to flip up to the bullish side, and we had a recent cross on the Slow STO.
![](https://d2q0qd5iz04n9u.cloudfront.net/_ssl/proxy.php/http/gallery.mailchimp.com/69591e6119e16cf9ff528823d/images/EDWYchart.png)
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Extended Watchlist:
TLAB, UTSI, PPHM, MAXD, SRGE, HLNT,