IceWEB, Inc. IWEB
IWEB continued its strong performance on Thursday, as we had anticipated, registering higher highs and higher lows for the third consecutive trading session.
After touching a low of .035, it jumped 14% to .04, a new high since our first mention of the stock. We also saw significant volume flowing, to the tune of more than 4X the 3mo. average.
Just as it did on Wednesday, IWEB closed with strength just under the high of day (.389). We’re going to be on the lookout this morning for a continuation of the momentum we’ve seen over the past few sessions.
The key area of resistance that we are looking to test is the 200DMA at .045. A move past that level would effectively put us into blue-sky breakout territory.
As we’ve continuously stated, while we have seen incredible short-term success from IWEB, our interest in the stock’s long-term potential is also still very much alive.
More Info @ www.iceweb.com