Day: December 14, 2012

Today’s Afternoon Updates

We wanted to send out an afternoon alert regarding two momentum plays that we plan to observe into next week. Any time we see low-volume stocks explode with momentum, seemingly out of the blue, we take immediate notice. Both of the following stocks fit that profile, setting off our abnormal volume scanners this morning, and as a result, will be near the top of our watchlist moving forward.

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MediSwipe, Inc. MWIP

MWIP rallied out of the gate today, only to pull back and find support off of .0066 just as we had hoped. We then saw a solid bounce back to .0084, marking a possible intraday gain of 27% Those in at yesterday’s low of .0055 could be sitting pretty on 53% in gains.

Overall, from the low following our first mention of this play on October 16th (.0024), we are currently up 250% You can see why we have continually revisited this stock since that time, and if the above mentioned stocks do half as well as this play has, we will likely continue to sing their praises in the same fashion.

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APDN, MWIP, ONCY & Extended Watchlist

APDN had an impressive day for the second consecutive session. The stock ran up until it hit a patch of resistance at.295, right where we asserted it would come. When added to Wednesday’s gains, APDN’s performance yesterday brought our total cumulative profits to a possible 44%

The stock has maintained its strength on the chart, as we’ve seen higher highs and higher lows on rather impressive share volume, and nearly $5M in dollar volume.

The next key level that we’d like to see broken through is .2965. As we said yesterday, a break past that level could send us into Blue Sky Breakout mode.

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MWIP was added to our extended watchlist yesterday after we observed the momentum it exhibited earlier in the week.

We are no stranger to MWIP, we began following this play back on October 16th when we put out our first medical marijuana roundup report. The stock was trading as low as .0031 at the time, subsequently surging to .005 before it dipped to find support between .0024-.0029.

Yesterday the stock was as low as .0055 and ran as high as .0076, an intraday gain of 38%

The buzz surrounding medical marijuana stocks doesn’t figure to slow down anytime soon, and this play could be headed to pennyland in the near future. The next patch of resistance from here appears to come at .0125. We’d like to see the previous resistance from .0066-.007 hold as support.

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Oncolytics Biotech Inc. ONCY

ONCY was another new addition to our extended watchlist yesterday, had a heck of a day, opening at .2.70, and running as high as 3.85 before closing out the day at 3.03 (+43%).

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Two days in a row, our selections have provided us with a couple of nice opportunities for profit. As we were saying yesterday morning, you really can’t find the kind of variety of successful plays anywhere else, that we provide here on a consistent basis. Here’s wishing everyone a safe and fun weekend, best of luck to all and happy trading.

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Extended Watchlist:
AZFL, FCEL, ALXA, GSV, SZYM, SRGE,