I was expecting more upward movement in SKTO today. Having a stock up only 12% for the session is a disappintment considering most of the stocks I write about rise 100's of %. 12% is, for all intents and purposes a puny gain. I felt investor interest would balloon with the press release and 8-K that came out on Friday and Thursday after the close. The chart is also telling you the stock has bottomed. Factor in the impressive news with the chart turning up and you have the ingredients for a nice push higher.
I expect this push to start next week with the company's recent news being the primary impetus. The acquisition of macuclear is another score for the company: http://www.macuclear.com/.
SKTO has been on an acquisition spree and it is only a matter of time before the price per share reflects these acquisitions. I think SKTO should head back toward its 50DMA which currently rests at $.20. This would be more than a 100% gain from today's close. Now that is a gain I can live with.
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