TSW Weekly Top 10 List For August 16th 2010
The Stock Wizards Weekly Top 10 List For August 16th 2010 LQMT, MUTM, BZCN, LLEG, HBWO, WYNX, MTRO, CCTC, BDGR, AND ILVC (1) LQMT (OTC) Sector: Chemicals & Allied Products LQMT — Liquid metal Technologies, Inc.
LQMT is the most controversial penny stock at the moment. All eyes are on this company as they have inked a deal with Apple Inc., according to a recent 8K filing. The Focus this week will be on the psychological $1.00 support level. If it LQMT can sustain a weekly close above this level, we could see a higher price.
At some point during the week, penny stock traders will be looking for a major bounce play if LQMT cannot hold the $1.00 level. There`s a lot of liquidity in the stock, which allows opportunities for nice intra-day swings. It will be an interesting week to say the least. We could see some wild swings.
(2) MUTM (OTC) Sector: Financial Services MUTM — Mutual Merchant Services, Inc.
Money flow indicators suggest heavy accumulation going on. MUTM needs to close above (.0004) cents on a weekly basis. A close above this level could spark a nice rally to the psychological (.001) area in the coming weeks. A lot of activity in MUTM lately. Keep an eye on this one. Chart shaping up nicely.
(3) BZCN (OTC) Sector: On Line Auctions BZCN — BizAuctions, Inc.
Biz Auctions looks ready to breakout. Money flow indicators suggest momentum coming into the stock. A weekly close above (.007) could spark a very nice rally.
Sub penny players keep this on your watch list.
(4) LLEG (OTC) Sector: Energy LLEG — Laidlaw Energy Group, Inc.
LLEG broke out above the 200-day moving average a couple of days ago and has not looked back. The stock hit a very critical resistance level of (.0033). This is the number to keep an eye on in the coming days. A weekly close above this level could send the stock a lot higher.
(5) HBWO (OTC) Sector: Beer and Ale HBWO — Harbor Brewing Co., Inc.
HBWO has been very active lately. Trend looks to be very strong. A weekly close above .05 cents could really get the stock moving higher.
(6) WYNX (OTCBB) Sector: Technologies WYNX — Waytronx, Inc.
WYNX is quietly making higher highs and higher lows and looks to be in a very strong uptrend. The stock just closed above the 200 week moving average. If it can continue to stay above this moving average and break above .25 cents on a weekly close, this could be the start of something big.
(7) MTRO (OTC) Sector: Home Media MTRO — Metro One Development, Inc.
Even in the summer doldrums we continue to find stocks making higher highs and higher lows with really nice chart patterns. MTRO is another example. With the stock very close to a psychological breakout above .10 level, traders and investors will be watching this very closely.
(8) CCTC (OTC) Sector: Clean Coal CCTC — Clean Coal Technologies, Inc.
TSW stated last week pullbacks should be looked at as a buying opportunity as long as CCTC stays above the 50-day moving average. The stock challenged that level and is holding up very nicely. This will be a big week, as the stock must start to move higher immediately.
(9) BDGR (OTC) Sector: Oil & Natural Gas BDGR — Black Dragon Resource Companies, Inc.
Commodity stocks are dominating summer trading. Here is another example; BDGR is a natural gas stock and is looking very attractive, as it is getting ready to break above the 50-day moving average. Traders and investors will be watching this event very closely as the MACD just crossed above the zero line which is an indication momentum is coming into the stock. Could get on a nice run.
(10) ILVC (OTCBB) Sector: Home Automation ILVC — Intelligent Living Corp.
ILVC broke above its 200-day moving average. The stock is sitting right above this moving average, and the question will become, can it continue to trade above this level This is a very easy trade because you`re able to define your risk. A critical resistance level for the coming week will be .03 cents.
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