LONDON, June 18, 2014 /PRNewswire/ --
The overall trading in over the counter stocks remains light
going into the summer with plenty of short term trades and
volatility, which you would expect at this time of year.
Traders like short term swings and we have focused on a group
of stocks today that have not only been in the news this last week
but have the potential to make moves higher after potentially being
oversold
Axxess Pharma (OTC: AXXE) has started this morning's trading
with heavy volume as the shares look to move up from the closing
price yesterday which was very close to the high of the day.
Axxess Pharma announced a new contract at the start of the
week which kept shares in the green and now traders look for the
company to break through the $0.32
level to stand a good chance of trading higher. Inside the
first hours trading the range has been tight and the volume high
with shares up by a few percent.
Integrated Cannabis Solutions (OTC: IGPK) also started the day
in green territory as shares hit $0.10 in early trading. The most recent
spike in shares of Integrated Cannabis Solutions that traders have
an eye on is last month when the stock hit a high point of
$0.81. We are some way of that
price in trading today but after hitting a yearly low of
$0.02 shares look like they could
make another run higher if they can stay above $0.10 this week and volume continues to flow into
the stock.
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BreedIT Corp (OTC: BRDT) is another small cap company that has
decided to shift its business focus into the world of cannabis
solutions as they announced an investment into the company last
month from INTIVA Pharma LLC. With the investment coming in
at $0.30 per share many traders will
feel that a natural floor for the stock has been put in place and
will be more comfortable trading shares. With a 52 week high
of $0.89 there is plenty of room for
shares to move to the upside but will need to get through
resistance at $0.48 to move
forward.
Petvivo Holdings (OTC: PETV) started today's trading higher by
double digits as they bounced off a recent low in the stock.
Petvivo was trading substantially higher just a couple of
weeks ago and with potential short positions in this name we could
continue to see spikes in short term trading. With the
company providing an update earlier this week and shares up 10% in
trading today we could be looking at a baseline in this name.
Rounding off our OTCQB focus list today is Affymax (OTC: AFFY)
whose shares are flat to start off the day's trading on Wall
Street. Affymax is searching for a new base in the stock
after trading down this week following the termination of a recent
product collaboration with Takeda. Sometimes shares get
oversold on the way down just like they can be overbought on the
way up. This may be the case with Affymax whose shares could
climb back to the $0.40 level once
they settle down and digest this news properly. The 52 week
high in Affymax is £2.03 per share.
Super Stock Profits releases our daily trading report of the top
trading volume and percentage leader plays within the small cap
markets, keeping you up to date with the latest picks and the
latest news on the stocks in focus.
Disclosure: www.superstockprofits.com is not a registered
investment advisor and nothing contained in any materials should be
construed as a recommendation to buy or sell securities but for
informational purposes only. Investors should always conduct
their own due diligence with any potential investment. Super Stock
Profits is affiliated with AMG Global Advisors Ltd which is a FINRA
registered company (168847). We have not been compensated by any of
the companies listed in this news release
