Wednesday, March 9, 2011

Thursday's Stocks To Watch - INCC, CNUV, ZLUS, GRDO


INCC closed the session at $.0021 after hitting a high of $.0037. The price movement came as fresh ownership filings hit the wires. Of interest to me is not the filings themselves and the share transactions that took place, rather why are these filings hitting the wires now? INCC de-registered their stock early last year, which means they are under no obligation to file SEC documents. After almost a year of silence, why release these filings now. Usually filings after a dormancy means the stock is coming back into play either through a reverse merger, acquisiton, or company re-invigoration. The bottom line, keep a close eye on this stock, it could have a big move coming in the near future.

CNUV I noted this morning in my subscriber chat room that CNUV could see a decent push today. (link to that here) It hit a high of $.0044 before closing at $.0039. I liked the volume today and the way the stock held most of its gains. I think this is a bullish sign for this stock and that more gains await it tomorrow.

ZLUS a breakout day for this stock. The stock hit $.001 and then took off as traders hopped to ride the momentum. I am interested to see if this volume continues tomorrow or if today's action was just a one day event.

GRDO this stock continues to creep higher after the stock hit $.005 last week. I like the way its trading and I think it could be back to $.005 before the week is over.

4 comments:

Anvil Customs said...

MGRN: BOOM! name change, filings out today, been accumulating.....float is not bad. looking good. TheAnvil

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