EBIG, HLNT, EEDG & Today’s Extended Watchlist

EastBridge Investment Group Corp. EBIG

We mentioned EBIG for the first time on Monday, as the stock appeared in our Extended Watchlist.

After observing it this week, we liked the above average volume, with the stock trading over 10X its 3mo average on both Tuesday and Wednesday. We will want to keep this stock on our radars into next week.


Highline Technical Innovations. Inc. HLNT

HLNT appears today as a bounce play possibility. After a recent spike, the stock has consolidated considerably, and we are now watching for the dust to settle, that we may time the inevitable bounce.

Energy Edge Technologies Corporation EEDG

EEDG is looking strong, the stock has been holding support off of the 20DMA. Yesterday, EEDG dipped as low as .086, and closed at .105, for a 22% intraday gain after appearing in our Extended Watchlist yesterday morning.

We like the look of the EEDG chart. As you can see below, all indicators seem to be primed up to pass the 50DMA, and the PPO is converging, setting up for an imminent cross.


Extended Watchlist:

ARNA, VGHI & Today’s Extended Watchlist

Arena Pharmaceuticals, Inc. ARNA

We have been covering ARNA for quite some time, since we learned of the possibility of an FDA approval. Yesterday that became a reality, with everyone and their brother discussing ARNA’s FDA approval, including the talking heads on CNBC. Around midday, the stock was briefly halted, before the announcement was made:

“On June 27, Arena Pharmaceuticals announced that the U.S. Food and Drug Administration (FDA) has approved BELVIQ as an adjunct to a reduced-calorie diet and increased physical activity for chronic weight management in obese or overweight adult patients. BELVIQ is the first prescription weight-loss treatment approved by the FDA in 13 Years.”

Shortly following, the stock was reopened for trading, and trade it did! 90.2 million shares, over 4 times the 3mo. average, traded hands. ARNA rose to a high of 13.50. We first alerted ARNA on May 11th, after which time the stock was trading as low as 5.44. That would represent a gain of 148% to yesterday’s high of 13.50.

We feel that once the initial clamor subsides, and the volitility calms a bit, we should see a bit of a pullback, as is to be expected with most astronomical gainers. That being said, the long-term for this stock looks very promising indeed, so while the excitement should begin to die down, our interest in following ARNA moving forward will not.


VHGI Holdings, Inc. VHGI

Monday, we stated: “On Friday the stock saw abnormally high volume coupled with the 52-week low, prompting us to put VHGI back on our watchlist in anticipation of an eventual bounce.”

It seems we came to this observation just in nick of time. The stock was as low as .055 following this alert. Since then it has seen a high of .095, equating to a gain of 73%. Those that have been with us for awhile know we are not one hit wonders in most cases when we cover a stock.

We will continue to monitor VHGI as it recovers off of its bottom, and in reality, we would not be shocked to see it return to previous support and higher. When we first covered this play, it ran from .20 to .75, and thus huge gains do not seem out of the realm of possibility for VHGI.


Extended Watchlist:


Golden Phoenix Minerals, Inc. – GPXM & Today’s Ext. Watchlist

Golden Phoenix Minerals, Inc. GPXM

GPXM is new to our reports this morning. It caught our eye for a number of reasons, including one heck of a strong chart setup.

Recently, from May to June, the stock ran from .009 to .0328 for a 264% gain. Since that time, we’ve seen a consolidation and we’ve found a level of support at the .015 mark. The stock has been trading in a tight channel in the meantime, bouncing around between .015 and .022. A break of that resistance at .022 could really send this thing shooting back to recent highs in the low .03’s.

The 20DMA is rising toward a Golden Cross with the 50DMA. The RSI is pointed northward, holding above the 50DMA overlay, and appears as if it wants to head toward the powerzone. (Currently 55.98, Powerzone: 70-90)

The Slow STO is hooking up, looking ready for a cross as well. We’d like to see it continue to hold above the 50DMA overlay, which we will take as a sign of strength.

Barchart is currently giving GPXM a Buy Rating

The company also hinted at recent progression in the PR dated June 11th.


Extended Watchlist: