MSLP | Muscle Pharm Corporation

Muscle Pharm Corp MSLP

We’re seeing good things from MSLP this week, with the 20DMA surpassing the 50DMA in a Golden Cross, and an RSI sitting in the power zone.We are really happy to see that yesterday’s volume hit an all-time high, a very good sign coming up off of a recent bottom. We’ve provided a chart below which illustrates clearly where MSLP should run into some resistance on the way back up.
We first added MSLP to our radar on March 20th. Since that time, its has been as low as .0075, and as high as .02, a disparity that worked out to a 167% gain for us. Following that, we called support at .012-.013, which, to yesterday’s high of .02, represents gains from 54-66%.We will continue to monitor MSLPclosely despite its already admirable performance, as we believe the party is just beginning.

Today’s News:

DENVER, March 27, 2012 — /PRNewswire/ — MusclePharm Corporation, a Nevada corporation (“MusclePharm” or the “Company”) (OTCBB: MSLP), an expanding U.S. nutritional supplement company, is pleased to announce that beginning April, 2012, Eurpac Service, Inc. (Eurpac), the primary distributor of consumer products to U.S. military exchanges,  U.S. Navy ships and veteran’s canteen services located worldwide will begin distributing the award-winning MusclePharm product line.

The agreement includes MusclePharm products: Assault, Combat Powder, Shred Matrix, MuscleGel, Re-Con, and Armor-V— to all military installations, reaching 11 million members of the U.S. armed forces, including Army, Navy, Air Force, Coast Guard, Marines, and special forces stationed throughout the world.


Extended Watchlist:

ASYI – AISystems, Inc