There have been no public statements issued by the company since its symbol-change (formerly SHKZ) back in February, and yet the stock is garnering an awful lot of attention, as activity and PPS have surged of late.
In total, a possible gain of 338% exisited with RENU in the past six sessions, with yesterday’s dollar-volume coming to six figures.
We want to watch this play carefully heading into the month of June, being the target month for FDA approval, as we believe that there could be trading opportunities in the meantime.
These two plays both recently had news out, (VGTL News, MELY News) Over the past couple of days, we have seen an increase in volume on both of these stocks, as accumulation seems to have gotten underway in both cases.
As a result of the recent influx of activity, we will monitor VGTL and MELY on our watchlists, attempting to anticipate their next moves. On a side note, VGTL is also currently being promoted, just another reason to see how things play out with that one.
Fero Industries, Inc. FROI
FROI is beginning to exhibit signs of a recovery off its bottom, with a solid level of support at .008. The MACD is setting up nicely, and the RSI is above 50; right where we like to see it.
UnderSea Recovery Corporation UNDR
UNDR has been a great flipping stock since we added it to our radar. Yesterday, it held above the 200-day moving average of .0018, precisely as like we had hoped. Moving forward we would like to see UNDR continue to hold above that 200dma.
Inrob Tech, Ltd IRBL
IRBL came up on a bunch of scanners yesterday trading much higher than average volume, as a result we are adding it to our radars. We always love a good sub-penny momentum play, and IRBL fits that category.
After a monstrous run over the past couple of months, we would not now be surprised to see a pullback, as is to be expected in these instances.
From our momentum alert on Tuesday afternoon, the stock ran 38% to .18, and then dipped back to find support at our alert price.
As the week comes to a close, we are keeping a close watch for the support to hold, and are on the lookout for a possible bounce-play.
Tranzbyte Corp ERBB
ERBB appeared on our extended watchlist yesterday, as a result of all the buzz (no pun intended) currently surrounding medical marijuana related stocks.
Following its appearance in our morning report, the stock saw gains of nearly 100%, and closed out the day sustaining over 40% of those gains.
HEMP, CBIS and MJNA are some other stocks which are also taking advantage of the recent influx of volatility and volume in the sector.
Moving forward, we are keeping an eye out for all medical marijuana plays, as we see increased activity over this period across the board.
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Extended Watchlist:
Fero Industries, Inc. FROI
As it recedes back to the price of our original alert (.0075), we are going to be watching FROI for a bounce in the weeks ahead.
BUCS made higher lows and higher highs yesterday, as this recovering bottom play begins to look really tempting. There are several factors contributing to the ripeness of this play; as you can see from this video chart.
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The next key area of resistance is .03, and following that, there seems to be an awful lot of upside potential. The stock was trading from the .045 to .085 range for the better part of 2011, which is why we consider shares being traded at the current level to be undervalued.
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Sunbelt International Corp. SUNB
On Thursday, SUNB experienced the classic “Shaking of the Tree”. After a small gap-up, shares were traded as high as .40.
The inevitable profit-taking caused the stock to dip to .23, scaring off some of the more skittish investors, however, saw it close down just 5% at .36. Savvy traders who timed the bounce properly will have seen gains upwards of 50%
Tacking that on to the already-triple-digit gains leaves the impression that SUNB is aone of our top stocks for the month of February.
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Fero Industries, Inc. FROI
FROI was added to our watchlists back on Dec. 22nd, at the time, trading as low as .0075. That same day, we saw an explosion to its high of .015, for an intraday gain of 100% The close had it up 47% (.011) that day.
From a subsequent low of .0077, to Wednesday’s high of .0118 marks another 53% gained. Currently the MACD is kissing, one of our favorite indications of impending activity.
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Trident Microsystems, Inc. TRIDQ
TRIDQ has been undergoing a pullback over the past two trading sessions, as can be expected, following its run from .075, where we called the bottom.
We witnessed 325% in gains since our original alert on Jan 9th. We are going to be watching for the dust to settle, in order to time the next bounce properly.
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Convenience TV Inc. CRPZ
CRPZ is trading in an increasingly tighter channel day-by-day. We want to monitor this closely, because you never know when a sudden surge could come in (like last Friday) sending the stock soaring.
MSTG was as low as 1.04 after our first alert, and closed at its high of day yesterday(1.15) for an 11% gain. When we first added it to our radar on Tuesday as a momentum play, we mentioned that we would like to see it return to its recent highs of 1.25. We are half way there, and at this rate our goal looks attainable.
Convenience TV Inc. CRPZ
There is always an open invitation to our readers to send in their trading ideas which they believe have value. This morning, a tip of the cap to Mike, for calling our attention to CRPZ.
It appears as if CRPZ qualifies for bottom play status, trading very close to it 52-wk low of .0014, making now a good time to take a look, thanks again Mike.
Fero Industries, Inc. FROI
On Dec 23rd, we added this stock to our watchlist, at which time, it was trading at .0082. That same day it high a high of .013, for a 62% gain.
The stock closed at a penny on Wednesday, still holding 22% percent of its previous gains. There was a recent MACD cross, and this chart looks like it is shaping up nicely.
