GMXS | Gemini Explorations, Inc. | Huge Volume

Gemini Explorations, Inc. GMXS

Many of our loyal readers will remember GMXS. We first mentioned this play back on March 21st. At that time, we observed a dip to .062, followed by a run to as much as .085.

Next, we saw a low of .04, followed up once again by today’s bounce which produced a new high of .09.

The stock exploded off of our radar screens, trading over 75X its 10-Day average volume, and gaining over 20% on the day.

Now that we’re exploring new highs, it will be interesting to see where the first patches of resistance crop up.

As we can see, the RSI is looking strong, having just bounced off of the 50-mark for the second time. In addition, the stock broke above its 20DMA and is maintaining above that. We are starting to see a hint of convergence on the MACD as well, so we’ll be on the lookout for that to cross.

Any way you slice it, GMXS has certainly earned itself a spot among our top picks of the past couple of months, and we’ll be sure to keep everyone updated moving forward.

BARCHART.COM is currently rating GMXS a “Strong Buy”