FTCH has surged 5 fold since being alerted on this blog last week. The stock has come under impressive buying pressure and touched an intra-day high of $.148 from our alert at sub $.02. 700% - not so bad for a days work.
FTCH is really giving Pink Sheet stocks a good name. See... not all of them are scams. Not all of them suck away your money and reverse split. FTCH has risen on ever increasing volume. It has risen with impressive news releases and a growing buzz.
Of course there is always a time to sell and sometimes a stock can get a little long in the tooth. But FTCH seemed overbought at $.06, now its trading at $.10. At this stage $.20 is not even100% away. This should be a short term target for the stock.
Like we said before - FTCH is a stock to watch through the summer.
Monday, May 4, 2009
FTCH - Follow The Money
FTCH has been range bound the last few weeks and looking for a direction. Today the market gave it some direction with record volume and a roughly 50% rise in the stock. With penny stocks dollars speak louder than words. In other words, when a penny stock experiences record money volume to the upside a breakout could be in the offing. The stock consolidated around the .012 - .018 level and has since broken out above its resistance at .02. This bodes well for more upside tomorrow and over the next several trading sessions. FTCH will be a stock on our radar well into the summer months.
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