Sierra Resource Group, Inc. SIRG
We mentioned SIRG back on April 19th at .0033, after which time the stock was trading as low as .0017. Yesterday we witnessed a high of .0135, marking whopping gains from 300-694% in under a month’s time.
When the momentum tapers off, we have to expect a bit of a pullback; in our view, just another opportunity to play the bounce. In the past, when SIRG runs, as is the case with many astronomical gainers, there is a consolidation period that usually precedes further gains.
Eco Building Products, Inc. ECOB
We are looking at ECOB this morning for a possible bottom-bounce momentum play. The chart is showing a hint of convergence on the MACD, with a cross in the works. We see a patch of major resistance at .10, which will be a huge hurdle for this play. We expect to see a pullback if the stock fails to breach the .10 mark, so we will want to remain vigilant.
Structural Enhancement Technologies Corp. EMWW
EMWW has made some nice moves for us in the past, and we wanted to bring it back to your attention this morning on the heels of a new press release out yesterday. Find the link below.
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