Ludwig Enterprises, Inc. LUDG
LUDG intends to seek out agreements with various broadcasting entities with broadcast spectrum in the U.S, in order to compete in a marketplace estimated to be worth up to $1.5 Trillion!
The One™ radio is the first nationwide world radio network in the U.S. which will be the first of its kind with the ability reach a multi-cultural, national listening audience that connects advertisers to an untapped marketplace comprised of nearly 1 Billion listeners.
In addition to a promising back-story, LUDG has some nice activity happening on the stock side of things. Yesterday the stock broke above both the 20 and 50-day moving averages, running into some resistance at the high of .13, before closing just shy of the 50DMA of.1033.
The RSI is pointing north, and we are looking to see it break through the 50-line. The Slow STO recently had a bullish crossover, and is showing divergence. There is a level of support at .0908 (20DMA), and below that, at .05 and .06.
We’ve provided a video presentation of the chart below:
This morning’s news:
POMPANO BEACH, Fla., Oct. 18, 2012 /PRNewswire via COMTEX/ — Ludwig Enterprises, Inc. (OTC: LUDG) Board of Directors to continue to support of the EB-5 qualified foreign investor program. The U.S. Congress recently enacted S.3245 extending parts of the EB-5 program for an additional three year period. Under the program a foreign investor could invest in a license for one or a pool of Ludwig’s US (domestic) market areas. Currently Ludwig has designated (25) twenty-five opportunities for EB-5 Investors i.e. Detroit, Chicago, New York, Los Angeles etc. The US Citizenship and Immigration Services (USCIS) requires each qualifying foreign investor to invest ($1,000,000) one million U.S. dollars in designated urban areas and provide a minimum of (10) ten full time jobs. Qualifying foreign investors would be USCIS eligible for a two-year visa for themselves, their spouse and their family followed by Conditional Permanent Resident status.
More Info at http://ludwigent.com/