EGCT, CGUD & Extended Watchlist

Ecologic Transportation, Inc. EGCT

We brought EGCT back into focus yesterday and the stock performed as we had hoped, making higher highs and higher lows for the second consecutive day. After gapping up in the morning, the stock held all day above the moving averages (20, 50, 100DMA’s), never dipping below .30.

The RSI punched through the 50 Line as well as the 50 MA overlay, and is getting ready to make its way into the powerzone. The blue bars on the histogram look ready to jump up to the bullish side, and the PPO is pinching toward a cross which could come as soon as today. The Slow STO also had a cross. All the indicators are improving on yesterday’s outlook as the stock bounces back from being oversold. Twice now we’ve seen EGCT run to the mid-to-high .40’s. This time around, we are looking to breach the .46-.48 area, as a break past that level would mean pressing new highs.

____, Inc. CGUD

We are adding this play to our radars today as a result of yesterday’s huge volume increase. The stock has a 3mo average volume under a million shares; yesterday it traded over 15 million shares, leading us to believe that something big could be brewing.

According to, the last reported shares outstanding was just under 380 million, with a float of just 65 million. If those figures are still accurate, yesterday’s volume accounts for a quarter of the total float. Should the buying continue into today, the float could be locked down, leading to a massive run.


Added Note: Last week we highlighted Apple options, and we made out pretty well with the $680 Calls. This week we saw a pullback going into Wednesday, as the 680’s traded as low as .70. Yesterday’s high was over 7.00; for anyone in Wednesday and out yesterday, you could have been looking at up to 1000% in gains. It isn’t the first time we’ve seen a ten-bagger around here, but it is always exciting when it happens.We are keeping an eye on these calls as Apple gaps up and tests new 52-wk highs.


Extended Watchlist: