Stay Tuned for Hot New Momentum Play Tomorrow!
SCXN | Scout Exploration, Inc:
We’ve been following SCXN since December. On December 18th, a day following our initial alert, it was trading as low as .15. By February 5th, the stock had hit a high of .40, a move of 166% Following that run-up, SCXN dipped back to the .15-range by March 4th.
Yesterday’s news (below) caused a flourish of buying, and once again, the stock surged back to .40, mirroring its earlier performance. Currently .40 remains our key area of resistance, a break past which point is needed in order for us to see some more upside.
ST. JOHN’S, NEWFOUNDLAND–(Marketwired – Apr 22, 2013) – Scout Exploration Inc. (SCXN) has acquired the rights to an airborne, oil spill response system currently under development at IDS Offshore Inc., of St. John’s, Newfoundland.
Growth in offshore drilling between Q1 2011 and Q4 2012 represents an expanding market for the Scout IDS Airborne Spill Response System.
During the 24 months between January 2011 and December 2012 the contracted offshore rig count grew by approximately 100 units, an increase of nearly 20% and now stands at an 85.2% fleet utilization rate.
TFER | Titan Iron Ore Corp:
We caught TFER last week as it was coming off of its 52-week low, was as low as .095. When we originally alerted the stock, we were looking for a break of the resistance at .12 (20DMA), also noting that the next resistance would come at the 50DMA of .15. For those of you who missed those original alerts, you can view that report here along with included video chart.
The last three trading sessions, we’ve been bumping our heads against resistance at .145, and maintaining support at .13. It appears as if we are basing for our next leg up. Current resistance, as well as the next patch at .15 must be broken for us to remain interested.
CVN, CLSN, MEMS, SCON, WPNV, AAPL Options (Possible Puts and Calls, Straddle for Earnings After the Close)