HLNT, XCLL, EEDG, EBIG & Today’s Extended Watchlist

Highline Technical Innovations. Inc. HLNT

HLNT had a good session on Friday, experiencing a bounce just as we predicted. The stock appears to have found support in the .005 range.

The low-of-day on Friday was .0054, before the stock ran to .0071, for a possible intraday gain of 31%

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XcelMobility Inc. XCLL

It seems we were able to time the bottom on XCLL as well, as the stock reached its 52-wk low on Thursday before upturning, and beginning to bounce on Friday after appearing on our Extended Watchlist.

We are viewing this play as more of a medium-to-long term involvement, as we seem to have showed up just in time for the stock’s recovery.

As you can see below, we’ve highlighted both the resistance points (in blue), and support (green), as well as an RSI coming off of being oversold, getting ready to test the 50MA. The PPO is showing signs of looking up, with a hint of convergence, and the Slow STO appears ready to cross and also come off of being oversold. All in all, the chart setup seems favorable.

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Energy Edge Technologies Corporation EEDG &

EastBridge Investment Group Corp. EBIG

Both EEDG and EBIG posted gains of around 10% on Friday, both trading between the .10 and .12 range.

We are happy to announce that these two rounded out our group of winners for Friday, being the third and fourth green plays out of five morning selections. Where else are you going to find that kind of consistency?

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Extended Watchlist:

   YIPI, BZRT, ENTB, BMSN,

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.

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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.
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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.

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Extended Watchlist:
   ARDM, XCLL

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.

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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.

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Extended Watchlist:

   EBIG, EEDG, AGDY, UNDR