Global Gaming Network, Inc. GBGM
After undergoing consolidation in recent sessions, GBGM has made its way down to find support at .0012, where it has begun to bounce.
This is a stock that was trading over half a penny as recently as late March, so we’ll want to stay open to the possibility that a bounceback from these low levels could produce notable gains.
The RSI is currently looking extremely oversold, while accumulation and distribution is on a steady upswing, so we believe that monitoring this play for a possible recovery could yield results in upcoming sessions.
Today, following the stock’s first green candle in six trading days, we’ll be on the lookout for GBGM to make higher lows and higher highs, which would confirm that it has begun to trend off of its bottom.
Fresh News Plays
The following stocks have news out this morning, that we felt was worthy of passing along:
Merrimack Pharmceuticals, Inc. MACK
We’ve highlighted MACK in the past, and were pleased to see that company has come out with news today outlining the positive clinical progress of its pancreatic cancer treatment trials, as well as releasing its Q1 financials, and filing an 8-K. We’ll provide links to all of these developments here:
- MERRIMACK PHARMACEUTICALS INC Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclo (Thu 7:12AM EDT)
- Merrimack cancer drug combination improves survival in study (Thu 6:23AM EDT)
Fuelstream, Inc. FLST
In addition to this morning’s news, FLST boasts a tight share structure (updated recently), and is currently trading near a bottom on on the chart. A turnaround from here could get really interesting, so we’ll be anxious to see how this play responds in coming sessions.
SUNRISE, FL–(Marketwired – May 1, 2014) – Fuelstream, Inc. (OTCQB: FLST) (“Fuelstream” or the “Company”), a international reseller of Aviation Jet fuel, is pleased to announce the official launch of a new website that will allow clients to access fuel pricing and other information on a real-time basis. >>> FULL PR
Extended Watchlist:
GLUU, RAD, S, JBLU, LIVE, ADXS