Eagle Bulk Shipping, Inc. EGLE
We also had a new idea to start the new trading week yesterday morning by spotting and relaying a momentum play that had built a nice looking chart over the preceding sessions, but still appeared to have room to the upside.
A solid performance followed, as our reliance on the bullish indicators on the chart proved to be well-founded. EGLE still had gas left in the tank and responded with a respectable intraday increase of 31% nearly all of which was held into the close.
The stock has taken that head of steam and breached the one dollar barrier in the premarket this morning, so we’ll be very interested to continue monitoring its activity as the market opens up today.
Strikeforce Technology, Inc. SFOR
We were just updating our readers yesterday morning on SFOR, a stock which we introduced to our reports on March 31st at a low of .0007, that had already made impressive gains to the tune of more than 150%
The stock’s single day performance would nearly equal that yesterday, as it bulled its way higher throughout the entire day. It traded up from an early low of .0014 and went on to hit .0034, which worked out to a 143% intraday rip, and came on more than ten times the 3-month average volume.
From our observed low of .0007 from two Thursday’s ago, yesterday’s high translates into an overall 386% move to the upside!
We prepared a video presentation outlining the highlights of both EGLE and SFOR which you can find here:
GEVO, Inc. GEVO
We’ve talked about GEVO in our reports before, and this morning the stock is catching our attention once again after appearing in the news with an exciting revelation.
According to the release “Gevo’s renewable alcohol to jet fuel (“ATJ”) is now eligible to be used as a blending component in standard Jet A-1 for commercial airline use … Gevo’s ATJ is eligible to be used for up to a 30% blend in conventional jet fuel for commercial flight”
In addition to a door swinging open for its ATJ product, GEVO also happens to be in a good place on the chart, so we’ll definitely be putting this stock on intensive watch in sessions to come.
Added Note: Another stock which has begun to trend up off of its bottom is Rex Energy Corp. REXX, which caught a wave of momentum yesterday as it was announced that REXX had entered into a lucrative purchase agreement that will send its natural shale gas to Europe. The stock is gapping up again this morning, so we’ll be placing it our on radars as well.
MRPI, DEAC, SRNA, HLX, LIFE,