IDO Security, Inc. | IDOI & Today’s Extended Watchlist

IDO Security, Inc. IDOI

We have seen a bunch of paid newsletters highlighting IDOI over the weekend, a stock that we have been talking about since February 16th.

We mentioned last week that the next key resistance to break was at .50. If, by chance, it doesnt get past that resistance, we would consider it prudent to lock in whatever profits may be on the table at that point.

IDOI is currently receiving a “Strong Buy” Rating at BARCHART.COM

The company also had news out this morning:

NEW YORK, NY, May 14, 2012 (MARKETWIRE via COMTEX) — IDO Security, Inc. (OTCBB: IDOI), developer of the innovative MagShoe(TM) shoe scanning device (SSD), today announced that the Company has completed an order of the MagShoe(TM) 3G, installing multiple units in the Leonardo da Vinci-Fiumicino Airport in Rome, Italy. The tender offer was issued by the Italian Aeroporto di Roma (ADR) through the Company’s local partner, ALCA, to supply and install the MagShoe at the airport’s domestic and international gates.
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Extended Watchlist:
ARNA, EMWW, ZNGA,

RENU, ARNA & Today’s Extended Watchlist

Renuen Corp RENU

Despite bearing the “Caveat Emptor” label on OTC Markets, RENU is currently rocking, and also receiving a “Strong Buy” Rating at BARCHART.

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.

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Arena Pharmaceuticals, Inc. ARNA

ARNA is a stock that we wanted to add to our longer-term radar this morning. The company recently received positive recommendations from an FDA advisory panel for its drug which treats obesity.

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.

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Extended Watchlist:
IDOI, EMWW, FROI, ZNGA (Bottom!!!)

RENU, IDOI, & Today’s Extended Watchlist

Renuen Corp RENU

RENU had a record volume day on Tuesday, cleaning out what appeared to be old sellers leaning on the stock.

At yesterday’s HOD of .0046, we’ve already witnessed gains on the order of 188%

RENU rose above its 200DMA never looking back. The RSI is currently sitting at 67, ready to breach the Powerzone. The PPO recently crossed, and is kissing the 50DMA, looking like it wants to surpass that, as we’ve highlighted on the chart below. The Slow STO also crossed recently, pointing North after surpassing its own 50DMA.

Along with the recent increase in volume, it appears RENU is running with the bulls. We’d like to see it hold above its 200DMA moving forward.


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IDO Security, Inc.

IDOI has been making higher highs and lows ever since it bounced off its 200DMA at .34.

All the moving averages are steadily climbing as you can see below. The 50DMA recently crossed the 20DMA, and the 100DMA is setting up to do the same.

The RSI is showing strength, having just passed the 50 mark, and looks likely to cross above its 50DMA.

The PPO looks ready to cross as well, with the histogram about to flip up topside.

The Slow STO is exhibiting similar signs, and also heading for the powerzone.

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Extended Watchllist:
MHYS, VPER, EMWW, BMXI, VNDB