XYNH - Another Strong Session Brings The Stock Another Step Closer To A Price Breakout

XYNH received increase volume today bringing the stock back to prices it hasn't seen since the start of 2010. It met some resistance as it hit the high of the day. After hitting the $.0016 mark for the second time market makers slapped the bid down, giving investors another shot at acquiring shares below $.0015 before this stock continues its upward trend next week.

The bid firmed as investors continued to buy up shares of the stock. There is no denying the accumulation going on. Market makers will be unable to slow this stock down when the buying picks up. I suspect that will happen next week as investors catch onto this stock and ride the momentum higher. As I noted yesterday, XYNH traded from these prices all the way to $.039 last year. Back then the volume for this stock was 75 million shares. Today XYNH traded 42 million shares. That tells me the float is tight allowing for a swift move higher as shares are taken out of circulation.

The stock is also right on the cusp of a golden cross as the 50 DMA is nearing the 200 DMA. This bullish technical indicator will bring more attention to the stock and confirm the breakout I see coming.



I like to say XYNH is coming back to life because the recent press indicates the company is still researching its Hydro X Assist Cell. Many had thought it was dead, but, as evidenced by recent press releases, it is not. For those of you not familiar with this technology it reduces a vehicles gas consumption by 80% or more! Currently tests are being done on diesel engines to see if the cell provides the same degree of effectiveness. Can you imagine the revenue potential for such a device? Previous tests proved astounding gas savings, but also had some kinks that needed to be straightened out. Acquiring Simply Distribution, LLC gives XYNH the revenue stream it needs to continue researching this ground breaking product and make the necessary changes to get it on the market.

The demand for such a fuel saving device would literally be mind boggling. My point is that this $.0012 stock could easily turn into a $.05 - $.10 stock if this device even gets close to the market place. Even if the device was approved for just diesel engines, you are looking at tremendous potential. Name one trucking company that would pass up the chance to save 80% on their fuel costs. Buying penny stocks involves speculating about potential, and the potential for XYNH is enormous.

With the revenue stream from Simply Distribution, XYNH can now focus its energies on bringing this product and others to market through research and development. The management of XYNH has done a great job adapting to fit the needs of the business which will restore shareholder value and should lead to a rise in share price. "Xynergy Holding's has diversified from a simple R&D company for alternative fuels, to a more revenue driven, international commerce minded company, that will increase company assets and build shareholder equity."

In connection with its acquisition of Simply, the Company has retained an auditing firm and securities counsel to file a registration statement with the Securities and Exchange Commission and to become fully reporting.To that end, the Company is currently being audited and hopes to file with the SEC within the upcoming weeks.

Mr. Ley commented, "Retaining counsel and auditors is the first step in the Company becoming a fully reporting company." Mr. Ley continued, "We are pleased to have begun this process, which we believe will enhance shareholders' value."

I expect the attention to grow for this stock as they file to become fully reporting and investors accumulate shares in anticipation of an increase in the price per share. If you have not added XYNH to your watch list, I suggest you do so. This will be a stock to watch for quite some time.