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FCSC – Fibrocell Science has made exceptional gains over the past few months reaching a 52 week high last week and sustaining over a 100% gain since the beginning of the year. The question traders and investors holding positions in FCSC now must ask, “Can current price levels be maintained and new support be established?” Looking at the chart over the past few sessions, FCSC looks to be attempting do just this very thing, consolidate recent gains, keep the uptrend intact and establish a new area of support.

As can be seen by the chart below, two down days followed after the 52 week high of 1.36 was reached last Wednesday leading into the weekend. Most of this selling was more than likely the result of traders taking profits and closing their positions before heading into the weekend. This week opened Monday with buyers completing a white candle for a positive up day, however bulls did run into some selling pressure evident from the long shadow on top of Monday’s candle.

The struggle continued in today’s trading as buyers were able to win the day with a small gain of 1.59% on 808,268 shares traded. Selling pressure was forceful today but the bulls were strong shown in the long lower shadow on today’s candlestick. FCSC nevertheless will be interesting to watch in the coming days to see if a new area of support is established or a pullback is in the cards.

XDSL -Mphase Technologies posted a big gain today up 41% trading over 13.5 million shares. XDSL opened today’s session at .0059 never looking back closing at the high of .0079. Mphase has been in a sustained downtrend for the better part of the last year before reaching 52 week low of .0032 last month. Since the 52 week low was put in, the stock has traded marginally upward everyday until the explosive move today. Traders appear to have anticipated the stock was gaining momentum and jumped on board giving the XDSL it’s best day in the past year. Penny stock traders should continue to watch XDSL for possible further upside moves. Mphase is a tech company within the nanotechnology sector.

DUCP – Daulton Capital Corp has put together an impressive move over the last month making over a 100% gain as of today’s close. After trading sideways for most of the year coming down from the 52 week high of .53, DUCP found old support from last year in the .08-.10 area. The stock started showing signs of life in early April and has sustained steady gains for the entire month of April with only two days out of the month showing any significant down days. DUCP did release news this morning in pre-market announcing the company has acquired 750,000 hectacres in gold rich Papau, New Guinea in a strategic partnership with South Pacific Connection Limited.¬†Other than filings and financial reports, the company has not released any other news this year.

DUCP closed last Friday at .25 and opened today with a small gap up at .30, pulled back and printed the low for the session at .27 before buyers quickly came in an pushed the stock up to the intraday high of .34 as of 15 minutes before the closing bell. The three month daily average volume is 50,766 with today’s volume on the news at over 2.1 million shares traded. Momentum traders should keep DUCP on their watch list as possible trend continuation trade as momentum in the stock may continue to push the stock higher based on the upward trend and recent news.

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