We were extremely pleased with the the way PSID performed on our first ever day of coverage. It opened up at its low of day at .19, and closed up 26% at the high of day at .24, which we consider bullish activity. This confirms our call of the bottom, and really validates our interest in the stock moving forward. Bullish exhibitions like the one we observed yesterday often continue into multi-day gainers.
As you can see on the chart below, conditions appear even more favorable than they did yesterday, as indicators are pointing toward a stock in recovery. Ideally, we’d like to see higher lows with support holding at or above .20. Currently, we’re looking at resistance at the 20 and 50DMA’s of .27 and .33.
Exide Technologies XIDE We caught XIDE on our pre-market scanner on Monday after noticing that it had made a huge gap down, and was trading at 52-week lows for as little as .13. We continued to follow it in Tuesday’s report, as it had afforded us a chance at 65% in intraday gains the day prior. But it wasn’t finished there; XIDE would go on to hit a high of .299 on Tuesday, a 130% gain off of Monday’s low.
Congrats to anyone who was able to take advantage of this bottom call.
Cleantech Transit, Inc. CLNO CLNO was trading subpenny when we first began watching it all the way back in March. At the time the stock was trading as low as .0055. We continued to following its progress, featuring it in an April report in which we stated that in the past, CLNO: “had a spike that ranged from the .03-area all the way up to .125, so we are well aware of the stock’s potential to make huge gains from current levels.” After just a few months, the stock has fulfilled our expectations, hitting a high of .09 yesterday, with gains from the .0055 bottom reaching a monstrous 1536%
Extended Watchlist: MSTX (Gapping Down Near 52-week Low, Potential Bounceplay), BBDA, BMSN, ENTB, SNWT, INO,
After featuring in yesterday morning’s report, VHGI and MDIN both continued their runs from last week on Monday. With MDIN logging a 189% gain from Thursday’s low (.0037 ) to a high of .0107,
and VHGI touching .048, marking a 380% move from Friday’s low of a penny to yesterday’s high of .048, we were extremely pleased with the performance on each of these stocks.
Sunbelt International Corp. SUNB
Another nice gain off of yesterdays newsletter was SUNB which appeared on both Friday’s and yesterday’s extended watchlist. From the .015 low on Friday to yesterday’s high of .025, a gain of 67%
Infrastructure Developments Corp. IDVC
Another extended watchlist mover, IDVC ran from .001 to .008 before pulling back to .0015. Out of all the stocks recently mentioned in our newsletters, IDVC strikes us with the most intrigue. The chart is primed up, with the RSI just having punched through the power zone. The PPS just broke through the 20, 50 & 100DMA’s while spending a portion of yesterday’s trading session above the 200DMA. The PPO and Slow STO have both just crossed and passed up through the 50DMA, and the blue bars on the histogram are cranking up to the bullish side. There has also been a significant increase in volume over the past few days, All in all, the ripe setup on IDVC leads us to place this stock near the top of our watchlists heading into mid-week.
Green Innovations Ltd. GNIN
GNIN is another stock that will be on our watchlist today, after we featured it in a short video chart published last night. We’d recommend everyone head over and get subscribed to our youtube channel (http://youtube.com/bluehorseshoestocks) so you can stay up to date on all of our video publications.
Some of the things we are looking for out of GNIN moving forward- We’d like to see the .89 level (50DMA) hold as support, and have the stock climb back above the 20DMA at 1.22.
SPWR made a move of over 20% yesterday, so we wanted to add it to our watchlist today. We like a good alternative energy play, especially the way a hot-trading big board in the sector can influence the performance of other related stocks. We find that traders tend to follow the natural trends in the alternative energy field, so today, in addition to SPWR, we will be focusing on a few other energy stocks that could be in for a price boost.
BioFuel Energy Corp. BIOF & Pacific Ethanol, Inc. PEIX
We’ve grown accustomed to mentioning these two stocks in the same breath. These ethanol plays have brought us several rounds of gains in the past, and they tend to trend together. With SPWR running yesterday we were sure to direct our attention toward BIOF and PEIX as well, and sure enough, both finished out the day in the green.
Plug Power, Inc. PLUG
PLUG is an energy play that went on an extreme backslide yesterday, tanking to .12 from the previous day’s close at .25. While remaining very cautious, there may be a bottom-bounce opportunity with PLUG, so we are presenting it today as a potential recovery play.
For a more in-depth look at another alternative energy sector, solar power, head over and take a look at this message board which discusses a lot of different solar stocks.