*** IMDC Has Strong Fundamentals, Rising Price and Increasing Volume ***
PennyStockPickAlert Newsletter
Greetings, Traders.
In Media Corporation (“IMDC“) has a combination of cutting-edge products and services that have grown measureably with the integration of many different technologies and computing applications.
And the Company is taking advantage of this by integrating their products with both MICROSOFT and GOOGLE! IMDC`s strategy of allowing consumers to utilize their current phones and televisions to maximize the possibilities of what IPTV technologies offers is a BOOMING market, especially as more applications on cell phones are implemented and the convergence of these technologies can be utilized on other devices such as televisions.
Remember that IPTV service revenues will approachfourteen billion in 2012, growing fromsix hundredninety fourmillion in 2007.
——————————————– To get a perspective from a technical viewpoint, please take a look at the chart below…
Another factor that traders could consider is the support that IMDC has displayed on Level 2 which suggests minimized downsize risk. Below is a snapshot of the bid support that was showing on my trading platform before the market closed at $0.25 on the “ask”…
—————————————– As I mentioned earlier, the flurry of news is exciting and a sign that Company has been very active in pursuing market share from this BOOMING market.
After the initial uptick, there was a dip that allowed many traders to capitalize on and the opportunity to grab shares at lower prices. Overall, heavy buyside activity with little selling occurred, especially once the daytime rebound occurred which pushed the shares back upwards.
Keep watching IMDC this week since I expect more volume over the next couple of days.
Best Regards, info@pennystockpickalert.com www.pennystockpickalert.com Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment.
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