4/18/2011
ELTP - Making Higher Lows On The Chart
ELTP - Elite Pharmaceuticals, Inc continues to show strength as it continues to put in higher lows maintaining the upward trend. We covered ELTP last Tuesday when it broke its 52 week high on strong volume. Penny stock traders have continued to show interest in ELTP closing today at .225 on strong volume with almost 16 million shares traded. The 52 week high is .258. If ELTP continues to make higher closing lows we should see another 52 week high reached within the next few trading days. This stock should be on your watch list as a possible trend continuation trade.
