ATRN | Atrinsic, Inc. – Hot Stock Today

Atrinsic, Inc. ATRN

We have been monitoring ATRN as a possible bottom play for quite some time now, and on Thursday, the occurrence for which we were waiting came to pass.  The stock rose 65% following an 8-K filing that indicated a significant sale which led to more than $600,000 in proceeds.

We’ve already witnessed the stock making explosive gains, running from¬† .015 to over .05. We were looking for a support level at around .03, and it ended up materializing at .027, which pleases us greatly.

We are now looking for the previous .0548 to be broken, after which time we see nothing but blue skies.