Today’s Afternoon Updates

We wanted to send out an afternoon alert regarding two momentum plays that we plan to observe into next week. Any time we see low-volume stocks explode with momentum, seemingly out of the blue, we take immediate notice. Both of the following stocks fit that profile, setting off our abnormal volume scanners this morning, and as a result, will be near the top of our watchlist moving forward.

___

MediSwipe, Inc. MWIP

MWIP rallied out of the gate today, only to pull back and find support off of .0066 just as we had hoped. We then saw a solid bounce back to .0084, marking a possible intraday gain of 27% Those in at yesterday’s low of .0055 could be sitting pretty on 53% in gains.

Overall, from the low following our first mention of this play on October 16th (.0024), we are currently up 250% You can see why we have continually revisited this stock since that time, and if the above mentioned stocks do half as well as this play has, we will likely continue to sing their praises in the same fashion.

___

APDN, MWIP, ONCY & Extended Watchlist

APDN had an impressive day for the second consecutive session. The stock ran up until it hit a patch of resistance at.295, right where we asserted it would come. When added to Wednesday’s gains, APDN’s performance yesterday brought our total cumulative profits to a possible 44%

The stock has maintained its strength on the chart, as we’ve seen higher highs and higher lows on rather impressive share volume, and nearly $5M in dollar volume.

The next key level that we’d like to see broken through is .2965. As we said yesterday, a break past that level could send us into Blue Sky Breakout mode.

___

 

MWIP was added to our extended watchlist yesterday after we observed the momentum it exhibited earlier in the week.

We are no stranger to MWIP, we began following this play back on October 16th when we put out our first medical marijuana roundup report. The stock was trading as low as .0031 at the time, subsequently surging to .005 before it dipped to find support between .0024-.0029.

Yesterday the stock was as low as .0055 and ran as high as .0076, an intraday gain of 38%

The buzz surrounding medical marijuana stocks doesn’t figure to slow down anytime soon, and this play could be headed to pennyland in the near future. The next patch of resistance from here appears to come at .0125. We’d like to see the previous resistance from .0066-.007 hold as support.

___

Oncolytics Biotech Inc. ONCY

ONCY was another new addition to our extended watchlist yesterday, had a heck of a day, opening at .2.70, and running as high as 3.85 before closing out the day at 3.03 (+43%).

___

Two days in a row, our selections have provided us with a couple of nice opportunities for profit. As we were saying yesterday morning, you really can’t find the kind of variety of successful plays anywhere else, that we provide here on a consistent basis. Here’s wishing everyone a safe and fun weekend, best of luck to all and happy trading.

___

Extended Watchlist:
AZFL, FCEL, ALXA, GSV, SZYM, SRGE,

APDN, BCCI, & Extended Watchlist

After appearing in yesterday morning’s Extended Watchlist, APDN was the most traded stock on the OTC Market, with both the most trades (2340) going off, and the highest dollar volume ($5.5M). The opportunity to make a 31% gain on the day was present .

Back in September, the stock hit a high of .296; that will be a key area of resistance to breach, as a move past there could lead to a blue-sky breakout.

Indicators on the chart would seem to suggest that this is a real possibility.

___

Baristas Coffee Company Inc. BCCI

While APDN was 1st on the most traded list, BCCI came in at a very respectable 11th. Another stock from yesterday’s watchlist, the stock recorded 306 trades, on just under $200K in dollar volume, while trading over $100K one day prior.

Yesterday, all the indicators on BCCI looked bullish; the RSI, PPO, and Slow STO all got above their 50DMA’s yesterday, showing impressive strength. The PPS cut past the 50 & 100DMA’s like a hot knife through butter. The next key area of resistance will be the 200DMA (.06). Back in March, that .06 mark was a previous support level, as the stock bounced off .061 to run as high as .128. Should BBCI continue its momentum, and break through the .06-.07 range, there should be little resistance on up to those previous highs.

___

Extended Watchlist:
AZFL, FARE, MWIP, TELK, CLWR, ONCY, 

HEB, PEIX, BIOF & Extended Watchlist

HEB is new to our report this morning; we wanted to point it out due to a chart that  On Monday, the stock pulled back below the 100DMA for the first time since July. From July-Sept. HEB ran from .262-1.10, for chances at gains on the order of 320% We are keeping an eye peeled for this one, as we would be glad to take even a fraction of that kind of profit, should the stock break out again.

We’ve seen a chart phenomenon known as a Fibonacci retracement (50%). We’ve identified the key level of resistance as .68, which coincides almost exactly with the 100DMA of .67. A break past this point could be the key that unlocks much heftier gains.

___

Pacific Ethanol, Inc. PEIX &

BioFuel Energy Corp. BIOF

We wanted to revisit our old favorites, ethanol plays BIOF and PEIX. We have grown accustomed to mentioning these stocks in the same breath, as we have observed that they trend together quite regularly.

We noticed these familiar stocks on our scanners yesterday, and saw them beginning to heat up once again, each testing their 50DMA’s. We want to keep these two near the top of our watchlist. Our experience with these stocks in the past has brought us highly substantial gains.

BIOF CHART

PEIX CHART

___

Extended Watchlist:
BCCI, YMI, CLWR, ELAY, AZFL, APDN, DSTI, PFNI, 

DG, AZFL, GERN & Today’s Extended Watchlist

Dollar General Corp. DG

Yesterday, we pointed to Dollar General as an options trading candidate as we were anticipating their earnings being released today. The report, out this morning, exceeded the expectations of many, and alluded to a total sales increase of almost 11%.

Earnings Per Share increased by roughly 25% as well as the company reported its most favorable Q3 results ever. Folks interested should definitely tune into this morning’s conference call.

Despite having such positive financials, the company issued a cautious guidance along with the report, so we want to be wary moving forward. Another reason to listen in to the call and get the 411 on DG:

The Company will hold a conference call on Tuesday, December 11, 2012, at 9:00 a.m. CT/10:00 a.m. ET, hosted by Rick Dreiling, chairman and chief executive officer, and David Tehle, chief financial officer. If you wish to participate, please call (866) 710-0179 at least 10 minutes before the conference call is scheduled to begin. The pass code for the conference call is “Dollar General.” The call will also be broadcast live online at www.dollargeneral.com under “Investor Information, Conference Calls and Investor Events.” A replay of the conference call will be available through Wednesday, December 26, 2012, and will be accessible online or by calling (334) 323-7226. The pass code for the replay is 56954859.

___

Amazonas Florestal Ltd AZFL

AZFL hit a new high on Monday, reaching .09, and marking a gain of roughly 100% since we first began talking about this play.

With a very interesting backstory, and a currently well-performing stock, AZFL is one that we will continue to watch on a more long-term basis, well into the New Year.

AZFL is engaged in environmentally-safe and sustainable forestry practices in Brazil. Through cyclical and selective harvesting, the company preserves the integrity of its portion of the amazon rainforest. In addition to purchasing the necessary carbon offset credits, Amazonas also has plans to use the low grade biomass (upper branches and other material unsuitable for timber) to fuel an on-site generator to further negate consumption, as well as for sale of the surplus to local power authorities.

___

Geron Corp. GERN

Following our alert of GERN yesterday, the stock traded in a range from 1.17-1.43, making gains of up to 22% possible. We will be keeping this stock on our radars as the week continues.

___

CirTran Corp. CIRC

Another nice gainer from our extended watchlist yesterday, CIRC saw a daily range of .0019-.0034 for a possible 80% intraday gain.

___
Extended Watchlist:
SOMX, CRME, CLDX, 

Get Our FREE Daily Reports!

SUBSCRIBE