Veritec, Inc. VRTC
Despite the markets being down 240pts yesterday, VRTC managed to rattle off a 22% gain following our maiden alert on 4 1/2 times its ten day average volume (total of 34,490). Much of this activity was buying- out of all the shares traded, only 1000 shares were traded at the bid, leaving the purchase to sale ratio at roughly 33:1.
In addition to news out this morning, we noticed that BARCHART.COM changed its “opinion” of VRTC from yesterday, moving the stock’s designation from Sell to Buy overnight.
GOLDEN VALLEY, Minn., Nov. 22, 2011 /PRNewswire via COMTEX/ — Veritec, Inc. (OTC: VRTC) today announced that their patent portfolio has reached 20 worldwide patents. As a technology company, Veritec has built a considerable presence in the fields of two-dimensional Matrix Symbology, Secure identification for people and products, Secure financial transactions, and Multi-purpose cards or mobile devices that facilitate financial transactions and other applications. Veritec’s recent Partnership Agreement with National Identity Solutions (NIS) of Norcross, Georgia and with Antero Payment Solutions Inc. of Harbor City, California will benefit from the strong technology position held by Veritec.
Republic of Texas Brands Inc RTXB
This stock has been garnering some attention lately, so we thought we see what the buzz was about. RTXB is another play receiving a “Buy” designation from BARCHART.COM.
Much like VRTC, we like the pattern of the RTXB chart, with indications that the stock is sitting at a relative bottom, and recent history showing that it can surge from the current level of .015 to .025 and better fairly quickly.
Added Note: Having recently gone through a name and symbol change, some of you may know this play as LJWY.