MMEX Resources Corp. MMEX
We’re looping back for yet another update on MMEX, which we’ve been mentioning quite a bit after our March 22nd alert gave us the chance to get in at a low of .0046; the stock has since gone on an exponential tear that hasn’t slowed down a bit over the past few sessions.
By our update on Friday morning, the stock had made it to just below .017, and that’s when things really took off, with the past couple of sessions providing the most intense spikes yet.
Yesterday that culminated in a new high with a solid 96% daily run from .028-.055. That brings our total observed range on MMEX in just nine trading days, to 1096%
Cyclacel Pharmaceuticals, Inc. CYCC
We highlighted CYCC as a potential bottom-play in Friday morning’s premarket report, pointing out that it was giving off a strong double-bottom signal along with having previously demonstrated potential for volatility. We turned out to be spot on with our calling the stock a prime bottom-play, as it has produced a very impressive two-day upswing since then, with the help of the release of some intriguing study data (>>View News).
Our observed range on CYCC since Friday morning is from 3.39 to 6.59, representing a 94% move, while volume yesterday absolutely exploded to the tune of more than 112X its 30-day average volume! It also closed near the high of day so we’re definitely going to want to continue tracking it as the week progresses. Dip-and-rip scenarios could certainly come into play in such a situation.
While we’re on the subject of bottom-plays, we want to add a couple more to our radar this morning with Atossa Genetics, Inc. ATOS and Argos Therapeutics, Inc. ARGS. ATOS still appears to be searching for its bottom, so we’ll be watching for that, while ARGS has already begun to get a leg up. We’ll look for a continuation of the establishing trend on that one.
We have a new pick coming out tomorrow morning that we’re excited to share with our readers. It operates in the rapidly burgeoning mobile payment processing sector, which is an exciting and forward-thinking space. Be sure to scan your inbox tomorrow between 9AM and the open so you don’t miss out!
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