We wanted post a quick note about CRPZ this morning, outlining the fact that the stock once again hit .006 today, 114% higher than its .0028 price yesterday, when it appeared on our extended watchlist, and a full 300% higher than our initial flag at .0015 on Groundhog Day.
CRPZ is just the latest of our covered stocks to enjoy massive gains over a short period. If you have not signed up for our free direct alerts yet, what are you waiting for? SIGN UP NOW
We have a new play for you this morning in SPAH, that comes on the heels of a 14% increase on Monday’s session. The stock is currently boasting an RSI that looks oversold, and in general, a favorable chart setup to possibly see further gains.
Apart from the promising technicals, this company operating in the mining sector has properties in the Shasta Cascade mountain region, which straddles the Oregon and California border. With prices of precious metals having been on a steady rise for the past couple of years, and no visible signs of slowing, which is why we always have an eye out for a good mining play.
Not your every day mining outfit, Spectrum is currently pursuing a variety of patent applications in what is being referred to as the “bio-mining” sector. These include various bio-processing methods/apparatuses for ore, in addition to a laser-guidance system for use with an industrial stone-cutting system.
More info: http://www.mineamerica.com
&
BIOF was first added to our radar back in mid-November. We caught it in the middle of a run, and watched it break out from .80-1.25, making overnight gains of more than 50%
We added PEIX on the same day as BIOF, due to a similar surge in buying. The stock saw a subsequent run from 1.01-1.85 (83%)
Both of these stocks have seen a pickup in buying much like we saw in November, and with many analysts calling for gas prices to continue to rise to $4.00 and beyond, we want to keep a close watch over alternative energy plays.
–
BIOF News:
DENVER, Feb. 22, 2012 /PRNewswire/ — BIOFUEL ENERGY CORP. (NASDAQ: BIOF – News) announced today that it will be releasing its fourth quarter and year-end 2011 earnings on Thursday, March 1, 2012, after the market closes.
The Company plans to host a conference call on Friday, March 2, 2012, beginning at 11:00 a.m. (EST) to discuss the results. To participate, please dial (800) 944-8766. The participant code for the call is 84358. This call will be available for phone playback for 30 days by dialing (866) 281-6782. The access code for the replay is 167702.
–
A look at the charts on these plays reveals almost identical situations, and more reason for mentioning these two plays in the same breath.
–
Charts:
PEIX Chart
BIOF Chart
–
Barchart Opinions:
PEIX: “Strong Buy”
BIOF: “Strong Buy”
–
Today’s Extended Watchlist:
AGCZ, BUCS, CRPZ, EXTO
BUCS was first added to our watchlist a week ago today, as a bottom bounce play. We noticed the RSI recovering off of being slightly oversold, as well as a hint of a turnaround showing in the MACD.
At that time the PPS sat at just .025. Yesterday, the stock saw trades going off at .033, marking a 32% uptick in a week’s time. We notice that the bid support on this play is growing stronger, in the mid-to-high .02’s.
Last year, the stock was used to trading in the .05-.08, and has been as high as .055 as recently as Jan. 26th, leading us to believe that at the current PPS is in a good range to see additional upside.
–
AGCZ has been on a steady uptrend this month, making higher lows and higher highs. On Thursday, the stock was up another 33% on the highest volume it has seen in over a year, yet there has been no recent announcements from the company.
With all of the volume that has begun to flow through AGCZ, we want afford it a spot on our watchlist moving forward, as the added activity could be a catalyst for added gains, should the momentum persist.
–
Today’s Extended Watchlist:
&
EXPX has traded nearly 10X its 10-day average volume, and was down considerably this afternoon. When we see this phenomena, it always gets our bounce-play sense tingling.
Three times in the past ten weeks, EXPX has produced gains ranging between 50-200%, and today the stock has begun to exhibit signs of a bounce after having undergone a fairly large sell-off.
That is why we wanted to add this play to our radars this afternoon- it should be interesting to see how things unfold with this heading into the end of the week.
Get Our FREE Daily Reports!
