Monday, August 1, 2011

NXOI - On Watch For Reversal


NXOI was trading at $.28 in May hit $.02 today, closed at $.026. I think it could see a sharp reversal in the next few sessions. Remember these bottom play type stocks could continue to fall, but they could also post sizable relief rallies. The farther the fall the greater the chance for reversal... its been quite a fall for NXOI.

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