*** IMDC Maintains Upward Trend…Look for Continued Volume ***
PennyStockPickAlert Newsletter
Greetings, Traders.
IMDC (In Media Corporation) announced today the latest release of another feature rich technology device: an IPTV Set Top Box running Google`s Android platform version 2.2.
Customers will experience seamless integration with their Android based mobile phones, Tablet PC`s running Android and all Android enabled devices within INMedia`s Set top Box. Moreover, this device allows customers to share, view, play and interact with content driven from their hand held devices to their High Definition large screen televisions.
——————————————– Look for IMDC`s Volume to Continue As I mentioned this morning, IMDC moved up within the first 4 minutes after the market opened. After some profit taking and a minimal pull back following the uptick – which is very common considering the increasing volume over the past three trading sessions – accumulation of shares continued and closed very close to the High-of-Day (HOD), which is a sign of positive sentiment since there was a strong rally after the 24-cent mark was broken.
—————————————– This flurry of news is exciting and a sign that Company has been very active in pursuing market share from this BOOMING market.
After watching the trading today, I saw the dip and the opportunity to capture shares at lower prices. Hence, heavy buyside activity with little selling occurred and rallied the shares back upwards. I believe that if the market were to have lasted longer the rally could have pushed shares even higher.
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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