Muscle Pharm Corp MSLP
It has been a while since we first jumped on MSLP. Our maiden alert came on March 20th. Following that point, the stock was as low as .012, and we witnessed a run as high as .0375 by April 2nd. After that 213% run, the stock pulled back to find support off of the 50DMA around a penny-and-a-half. A bounce from .0147 to .0305 was yielded by MSLP from there. Following that, it established a new low at .017, from which point we arrived at a high of .0228.
There have been a few good PR’s recently, including the announcement of a stock repurchase program, as well as new news out this morning:
DENVER, May 3, 2012 /PRNewswire via COMTEX/ — MusclePharm Corporation (OTCBB: MSLP), a nutritional supplement company focusing on all categories of an active lifestyle, today said that, in light of yesterday’s FDA ban on the substance DMAA, >>>Full Story
The look of the chart is ripening as well. We can clearly see the 50DMA rising toward the 200DMA and heading for a potential golden cross, as well as the MACD converging, with the histogram bars therein looking like they may soon want to flip up topside. All in all, it seemed like the right time to mention MSLP once again.
CYNX, EVDR, EMWW, GMXS, ICPA
IC Places, Inc. ICPA
ICPA has been a traders paradise, having 11/13 of the past sessions in the green. Gains continue to stack up, as ICPA shows itself to be by far our biggest winner of the year.
In the past three trading days, the stock has traded nearly $3M in dollar volume. That kind of momentum produces a lot of excitement, making it impossible for us to lose interest in this play.
Evader, Inc. EVDR
We’re bringing you EVDR as a momentum play this morning. Back in February, the stock ran from .0001 to as high as .0038 (3800%). It consolidated to find support at .0005 following that run, and yesterday, closed up over 50% at .0026.
The volume seems to be building here, having traded over 100M shares on Tuesday. Let’s keep an eye on EVDR, as we wouldn’t want to miss out should another surge take place.
Our friends over at STT Radio did a stock spotlight on EVDR last night, check out the archived clip of the show for a good place to begin your DD on this company.
VPER, RENU, GMXS, EMWW,