LONDON, June 4, 2014 /PRNewswire/ --
Trading in the small cap markets over the summer in be a
volatile time and the close yesterday was no exception. Today
we focus on a group of stocks trading within the OTC that were
substantially higher but may have pulled back intra-day due to
profit taking from traders therefore making a cheaper price entry
point.
Infinex Ventures (OTC: INFX) had a volatile days trading
yesterday with a big swing intraday and a gap up on the open.
There is sure to be volume coming into shares of Infinex
today with a high of $0.05 being hit
in the markets ahead of the open today. The big move came on
the back of news that the company has attained marijuana funding
and plans to move into that space. We have seen what can
happen to these penny stocks in the short term and even though many
have not reached the high point the group reached in March they are
still a very attractive trade for many investors.
Abakan (OTC: ABKI) had a fairly flat days trading to close
yesterday ahead of the market open on the OTCQB today however there
is a big gap in this stock that traders will be hoping gets filled
on a technical basis. The yearly high of $3.20 seems quite some distance after a closing
price of $1.48 but if traders push
shares of Abakan through the $2.00
level then a higher stock price is a strong possibility. The
company also announced on June
2nd that they have increased ownership in
subsidiary MesoCoat to 87.5%.
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Easton Pharmaceuticals (OTC: EAPH) closed right at the high of
the day for tits stock price just about in the green as traders
will be looking for the next level of resistance in today's trading
session. The key level the name needs to get through is
$0.028 and if we see a close above
that price that would be a big positive for the stock. The
closing of a medical marijuana agreement with MDRM Group (OTC:
MDRM) should help this stock gaining more attention with traders
and could also help attain a higher stock price.
MyECheck (OTC: MYEC) closed slightly lower before the market
open today after coming off a strong run trading the last couple of
sessions where shares bounced off the recent low to be trading
right around the $0.04 level.
The company whose stock hit a recent high back at the end of
March is looking to get back to that level which is around an 80%
move to the upside. MyECheck announced a new VP of sales
recently and the stock looks to have turned a corner trading off
the bottom.
MRI Interventions (OTC: MRIC) had a very tight trading range
yesterday of just around $0.05 and
with the stock closing at a recent low of $0.81 it could be a cheap entry point into the
stock for a short term trade. MRI Interventions had a
positive quarter at the beginning of May and with the yearly high
more than double the distance of yesterday's closing price this
could be one to keep an eye on.
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.
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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
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