Alliance Creative Group, Inc. ACGX
The last time we looked in on ACGX was on May 15th, and the stock had just run into some resistance in the .006 area for the second time in as many weeks. Since then, we’ve been monitoring for a break of that key level on the chart, and it finally occurred yesterday during quite a fruitful session.
ACGX made a respectable intraday move from .0046 to .0064 on greater-than-average volume, giving traders the chance at rapid profits of up to 39%
The stock closed out the day having held the majority of its gains (.0058) so, as we go forward, we’d like to see it once again overtake the .006-level and hold support at or above that mark.
We haven’t had any updates from the company since it reported record revenues early this month, so we’re going to be watching the press wires closely. Alliance seems to make a habit of keeping its shareholders apprised of current events with regularity, so we wouldn’t be surprised to see an update come down the pipe in the relatively near future.
Recent Press:
NewLead Holdings Ltd. NEWL
We’re glad that we re-mentioned NEWL in yesterday’s report despite the fact that it was already in the midst of a major run, because the stock kept on pushing its upper limits, running from a daily low of 2.40 all the way up to 3.81 marking an intraday move of 59%
This morning it appears as if NEWL wants to continue pushing the envelope, as it has reached as high as 4.20 in pre-market trading. That represents an overall move of 986% from the low of .3867 we observed just four sessions ago.
Granted the fact that we originally placed it on bottom-watch on May 9th, NEWL is definitely making its case for becoming one of our best bottom-plays of the year.
This morning’s pre-market high of 4.20 will be the area of resistance we’d like to see broken during today’s session.
Extended Watchlist:
LIQD, IGC, MY, HERO, NQ, IDN