Blue Horseshoe Stock Report – 08/12/11

Exit Only, Inc. EXTO

EXTO hit a high of .0072 on Thursday, bumping into its resistance point before closing at .0069. That is the interesting thing about the chart that we wanted to point out this morning. As you can see by the annotation, each time the stock has run into resistance over the past couple of months the resistance level has become the new support level. That is a phenomena we would like to see continued here.If we are correct, support should be building in the high .006’s- low .007’s as the stock gears up for its next push.  In addition the RSI is just about to peek over into the Powerzone. Don’t let EXTO fall off your radar.

eMax Holdings Corp. EMXC

Another stock that we have witnessed breaking resistance, building new support levels would be EMXC.  We are looking at the building of an incredibly solid chart over the past few months, as this play continues to touch higher highs, pushing the envelope all the way. Our original call came at .0005, and since then we have seen steady uptrending.We like the way this play steadily builds headway, and as PPS appreciation continues to be sustained, this stock lands firmly within the realm of All-Star plays for 2011.