MSLP | Muscle Pharm Corporation

Muscle Pharm Corp MSLP

We’re seeing good things from MSLP this week, with the 20DMA surpassing the 50DMA in a Golden Cross, and an RSI sitting in the power zone.We are really happy to see that yesterday’s volume hit an all-time high, a very good sign coming up off of a recent bottom. We’ve provided a chart below which illustrates clearly where MSLP should run into some resistance on the way back up.
We first added MSLP to our radar on March 20th. Since that time, its has been as low as .0075, and as high as .02, a disparity that worked out to a 167% gain for us. Following that, we called support at .012-.013, which, to yesterday’s high of .02, represents gains from 54-66%.We will continue to monitor MSLPclosely despite its already admirable performance, as we believe the party is just beginning.

Today’s News:

DENVER, March 27, 2012 — /PRNewswire/ — MusclePharm Corporation, a Nevada corporation (“MusclePharm” or the “Company”) (OTCBB: MSLP), an expanding U.S. nutritional supplement company, is pleased to announce that beginning April, 2012, Eurpac Service, Inc. (Eurpac), the primary distributor of consumer products to U.S. military exchanges,  U.S. Navy ships and veteran’s canteen services located worldwide will begin distributing the award-winning MusclePharm product line.

The agreement includes MusclePharm products: Assault, Combat Powder, Shred Matrix, MuscleGel, Re-Con, and Armor-V— to all military installations, reaching 11 million members of the U.S. armed forces, including Army, Navy, Air Force, Coast Guard, Marines, and special forces stationed throughout the world.

___

Extended Watchlist:

ASYI – AISystems, Inc

MSLP, GMXS & Today’s Extended Watchlist

Muscle Pharm Corp MSLP

MSLP closed down 17% on the day yesterday, while still holding much of the gains it has made over the past week.

We are still most interested in this stock; with the 20dma of .009 rising toward the 50dma of .01, a golden cross could be in the cards very soon.

We are continuing to monitor MSLP, ensuring that it holds the support it found yesterday at .0125. We are also on the lookout for the stock to make higher lows heading into the end of this week.

Gemini Explorations, Inc. GMXS

This mining play is most likely going to be on our longer-term watchlist. The stock just woke up out of nowhere, and is one that we’ll have our eye on moving forward.

As you can see on the chart below, both the 20 and 50dma have recently surpassed the 200dma, and what little increase in volume we’ve seen over the past few weeks sent the stock from .02 on up to the .07-range.

Today’s Extended Watchlist:
IDOI, ASYI

ASYI, MSLP | Midday Updates

AISYSTEMS, Inc. ASYI

It is always nice to hop on a fresh momentum play just in time to witness intraday gains topping 250%

The first hour of trading on ASYI today saw a low of .0045. Just after 10:50am eastern, the stock began stair-stepping its way up, hitting its peak at .0159 shortly before 1 o’clock.

The stock is now maintaining over 50% of those gains, having traded nearly 6x its 10-day average volume.

It appears as if the 200dma of .0206 is the next key level of resistance.

Muscle Pharm Corp MSLP

MSLP experienced a bit of a pullback today, to .0125. This is to be expected following its recent 183% move from .006-.017 in under a two-week span.

We continue to see above average volume, to the tune of nearly 30% more than normal levels, so we want to keep an eye on MSLP as new blood flows into the stock, and profit-takers flip out.

A nice bounce could be had if it continues to hold support at .0125. At present, MSLP is trading the .0145 level, which would have been good for an intraday gain of up to 16%