COTE - Coates International, Ltd Reaches Another 52 Week High

COTE - Coates International reached another 52 week high as this stock continues to put in successive highs. COTE surprisingly appears to be off the radar of penny stock traders given the relatively light volume which has pushed the stock up. Beginning in late April COTE began showing some signs of life after printing a 52 week low of .10 the last few days of March. Two and a half weeks ago COTE bulls started adding buying pressure around .25 and haven't looked back since doubling in price since then. Just over a week ago COTE broke through the previous 52 week high of .40 and shows no significant sign of losing steam since only four red candles have appeared on the chart in almost a month as the stock continues to move into uncharted territory. Penny stock traders should place COTE on their watch list of hot penny stocks since the stock has lately been a powerhouse and news hog as far as the PR wires go.

05/18/2011