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.
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.
IDOI, EMWW, FROI, ZNGA (Bottom!!!)
VGTel, Inc. VGTL
Microelectronics Technology Co. MELY
These two plays both recently had news out, (VGTL News
, MELY News
) Over the past couple of days, we have seen an increase in volume on both of these stocks, as accumulation seems to have gotten underway in both cases.
As a result of the recent influx of activity, we will monitor VGTL and MELY on our watchlists, attempting to anticipate their next moves. On a side note, VGTL is also currently being promoted, just another reason to see how things play out with that one.
Fero Industries, Inc. FROI
FROI is beginning to exhibit signs of a recovery off its bottom, with a solid level of support at .008. The MACD is setting up nicely, and the RSI is above 50; right where we like to see it.
UnderSea Recovery Corporation UNDR
UNDR has been a great flipping stock since we added it to our radar
. Yesterday, it held above the 200-day moving average of .0018, precisely as like we had hoped. Moving forward we would like to see UNDR continue to hold above that 200dma.
Inrob Tech, Ltd IRBL
IRBL came up on a bunch of scanners yesterday trading much higher than average volume, as a result we are adding it to our radars. We always love a good sub-penny momentum play, and IRBL fits that category.