Tag: EGCT

LNGT, PROT, RFMK & Extended Watchlist

Laser Energetics, Inc. LNGT

LNGT had a decent end to the week last week, holding support off of .053, and running into some resistance at .06. On an ongoing basis we’d like to see the stock make higher highs and higher lows. As indicated in Friday’s video chart, if LNGT can break above resistance at .06 and .063, there’s chance we’ll see a run back to the .07-.08 range.

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Rapid Fire Marketing, Inc. RFMK

Speaking of stocks making higher highs and higher lows, RFMK has done that since we added it to our watchlist on Sept. 20th. Having been as low as .0021, and hit a high of .0041 this past Wednesday. Towards the end of the week, it consolidated on light volume, and found support in the mid-.003 range. Provided RFMK continues to hold support above the 200DMA of .003, we’ll remain bullish on this stock. We feel the chart is really setting up nicely, and will keep an eye on RFMK moving forward.

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Proteonomix, Inc. PROT

It appears as though PROT did some leveling off after a sharp selloff toward the beginning of last week. The stock has made some huge runs in the past, and now that we’ve observed it forming a new base here, it would be wise to keep an eye peeled for a possible upcoming bounce.

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Extended Watchlist:
EGCT, VRNG,

ONTC, RFMK, CMGO & Extended Watchlist

Onteco Corp. ONTC

ONTC proved to be an excellent alert for us yesterday. The stock began trading premarket at .0008, and subsequently hit a high of .0012, trading over ten times the three month average volume.  Even those unable to catch the bottom and hang on for maximum gains (50%), a 22% profit was possible from the .0009 PPS at the open, to .0011. Any way you slice it, ONTC was a successful pick for Wednesday. As our included video chart suggested, resistance began cropping up at the 20 and 50DMA at .0012.

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Rapid Fire Marketing, Inc. RFMK

This stock first appeared on our watchlist on September 20th. Yesterday marked a new high since we’ve been following RFMK. Being as low as .0021 on the day of our alert, and yesterday touching a high of .0041, we’ve seen the opportunity to make a profit of 95%

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CMG Holdings, Inc. CMGO

CMGO first appeared in our newsletter on the 17th, and we re-alerted it again on Tuesday. From Tuesday’s low of .026 to yesterday’s high of .035, represents a gain of 35%

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Extended Watchlist:

EGCT, ECOB, MRNA, MJNA, CBIS, CCAJ, CLRX,

LGBS, MTG, FONR & Extended Watchlist

Legends Business Group, Inc. LGBS

We like the chart on LGBS, another new play that stood out to us today as a good chart-play. The RSI has been holding firm having recently bounced off of the 50-line and getting ready to pass the 50MA overlay. There has been a solid level of support in the .0028 (100DMA) range, The histogram recently flipped up to the bullish side, and the PPO had a bullish crossover. We want to keep an eye on this play this week, as chart conditions are looking pretty ripe.

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MGIC Investment Corp.  MTG

This morning we caught MTG on our scanner, as it is trading up 20% pre-market. Taking a look at the chart, there is a large gap to fill from the beginning of August, when the stock fell from the 2.50 range, on down to .66. Considering the fact that the stock is, today, gapping up past September’s resistance, there is a fair possibility that we could see MTG continue to rally to the two dollar range, where it could fill its gap.

We’ve pointed out the gap on the chart below for your convenience. 

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Fonar Corp. FONR

Also gapping up this morning is FONR, a stock that made a big run earlier this year, trading as low as 1.81 in March, and rocketing to a high of 6.80 in April. The company released some really encouraging news this morning regarding some extremely heightened financials. We want to keep an eye on FONR moving forward as we see how this promising news affects the current momentum.

MELVILLE, NY, Oct 01, 2012 (MARKETWIRE via COMTEX) — FONAR Corporation (NASDAQ: FONR), The Inventor of MR Scanning(TM), reported today its year-end financial results for the year-ended June 30, 2012. The Company has now had nine straight quarters of profitability. For the 2012 fiscal year as compared to the 2011 fiscal year, the Company made improvements in revenues and profit across both of its operating segments, those being the UPRIGHT(R) MRI segment that includes product sales, service and repair fees, and HMCA, its STAND-UP(R) MRI center management subsidiary. All of these utilize the FONAR UPRIGHT(R) Multi-Position(TM) MRI which is also known as the STAND-UP(R) MRI. >>FULL STORY

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Extended Watchlist:

EGCT, RFMK, GDSM, CWTR, ALVR