MWIP made a nice move today closing up 50% at $.0021. The stock looks to have put in a solid bottom and is beginning to move higher off of it. The stock sits right at its 50DMA and a break of that would put the $.0036 200DMA into focus. After such a drawn out decline I think there is a good chance of a sharp rally for MWIP. Whether or not its sustainable is another question. When trading penny stocks that are near their all time lows, all a trader needs to worry about is selling for a profit. I think MWIP will provide the profit over the coming days.
MWIP's latest news from July 3rd:
LOS ANGELES, Jul 3, 2012 (GlobeNewswire via COMTEX) -- MediSwipe Inc. (www.MediSwipe.com) (OTCBB: