TUFF - Tuffnell, Ltd

TUFF - Tuffnell, Ltd. is making a move today as penny stock traders have pushed the stock up about 20% so far on 3.7 million shares traded. This is above average volume for TUFF which has averaged 2.25 million shares traded over the last three months. Tuffnell is a mineral mining company with focus being on gold.

Buying pressure has so far overcome selling pressure but there has been some pressure from sellers, evident by the long lower shadow on today's candlestick. TUFF's 52 week high is .32 with a 52 week low of .11. If buying pressure continues and this move turns into more than a one day run, the 52 week high could be breached possibly next week. The stock did gain a new support level around .16 in March, up from previous support at.11. TUFF made a run in Feb. up to as high as .27 before pulling back and establishing support at .16 The stock made a two day run in late March back to the .27 area before pulling back and basing again. Penny stocks traders may want to keep TUFF on scans as a possible breakout stock.

4/22/2011

USOG - United States Oil and Gas

USOG - United States Oil and Gas released news after the bell today on Results and Financial Condition.
The news release announced a net revenue increase for 2010 of 163% over the previous year, 2009. Sales in 2009 were $9.4 million vs. $24.7 million in 2010. Net losses were reported at $1.3 million for 2010. Net losses for 2009 were revised to show a net increased loss of $1.5 million, a 75% percent increase over what was previously reported in 2009.

United States Oil and Gas is an oil and gas producer that also provides services and technology within the oil and gas industry. USOG traded 19,605,670 shares today and a trading range of .0016-.0019. Penny stock traders may want to be watching USOG at the open tomorrow for a news related momentum trade.

For the news release click here.

4/19/2011

TECO - Treaty Energy Extends Gains

TECO - Treaty Energy extended the upward trend as penny stock traders continue to show enthusiasm for the stock. We first mentioned TECO last Friday when it reached a high of .0475. The stock traded flat Monday with no significant gain or loss as buyers and sellers fought over what to do with the recent upward move. Buyers won the match since the stock opened today's trading at .04 reaching a low of .035 before exploding to the upside for a 58% gain on the day, printing a intraday high of .064 before closing at .062 for the days session. Three month daily volume for TECO is 593,187 with closing volume today of 9,109,990 shares traded. After today's surge, penny stock traders should be on the look out for a possible pull back as the stock may attempt to consolidate recent gains. If a pull back does occur, the .04 area could be a possible entry point for traders. Below is the chart for TECO.

4/19/2011

CEYY - Fresh Start Private Management

CEYY - Fresh Start Private Management gapped up at open this morning and never looked back. News was released today after market close announcing the company had processed more then $3.8 million in insurance claims in the first quarter. It seems the news was anticipated by some since the stock gapped up .08 closing the day at .37, a 52 week high, on extremely heavy volume. Whatever the case may be, the company has released a significant amount of good news over the last few months.

Fresh Start Private Management is a a rehab clinic specializing in alcohol addiction, withdrawal, treatment and detox. The three month daily volume for CEYY is only 51,321 so the volume today will show up on volume  scans as penny stock traders look for potential trade set ups. The 52 week low is .16 and the 52 week high is .37 which was put in today. Below is the chart for CEYY.

4/19/2011

GHLV - Global Health Ventures

GHLV - Global Health Ventures appears to be attracting tenacious buyers as they struggle with sellers for control of the .04 area of support. Sellers seem to be losing steam as seen below on the chart.

The last two days show strong selling pressure indicated by the lower shadows present on the last two candlesticks. However, buying pressure for the past two days have negated the selling pressure and pushed GHLV higher as buyers try to regain the highs of late March. Penny stock bounce players may want to keep an eye on GHLV since it may be well on its way to testing recent highs.

Global Health Ventures is a pharma company specializing in drug formulation and delivery. On April 12, the company announced they completed the formulation of their lead therapeutic drug, X-Excite for upcoming clinical trials in the United States. Recent Eurpoean trials for the drug have been favorable, the company announced.

GHLV has a 52 week high of .85 and a 52 week low of .02 with average daily trading volume of 1,823,640. Shares traded in Friday's session were 5,073,943. The stock closed at .0556, up ten percent on the day.

4/15/2011

TECO - Treaty Energy Corp

TECO - Treaty Energy Corp. (Pink Sheets) has risen from the ashes the last few days as traders have pushed the stock up over 100%. The move is powered by multiple news releases out of the company over the last few days. The first of which was released on April 12 announcing that TECO has issued a letter of intent to purchase additional oil and gas producing leases in the Shackelford County Regular Field, located in the Texas 7B Oil District. The properties are producing leases and reported in January of 2011 production rates of 379 barrels of sweet crude oil.

On April 14, TECO announced appointment of a new non-executive director for a three year term beginning in April 15. The new director is Mr. Bruce Gwyn, the founder and managing member of Level III Trading, LLC.

TECO spiked to a high of .0475 in Friday's trading session on heavy volume. Shares traded today were over 12 million with a average daily volume of 593,197 over a three month period showing renewed interest in TECO by penny stock traders. The 52 week high is .09 and the 52 week low is .01

4/15/2011

TDCP - 3DIcon Corporation

TDCP - 3DIcon Corporation is enjoying some renewed interest from penny stock traders over last two months. TDCP has been flat lined over the past year and has moved up off the flat line making some impressive moves as you can see by the chart:

Basing off the 52 week low in the .01 area at the beginning of March, the stock climbed up to the .08 -.10 area going into the last week of March. It then pulled back briefly and tested the .08 area again the last couple of days in March before reversing. The .04-.05 area appears to be the new basis for support as the stock has twice bounced from this point, once in mid-March and once again a few days ago.

Strong volume today (almost 14 million shares traded) has pushed the stock up to a intraday high of .062. TDCP may well be on its way to testing the .08-.10 area of resistance yet again. The coming days should tell us if TDCP has the power to break through this area and move to the next level to begin basing at a new level of support. Average daily volume for the previous three months for TDCP is 1,678,250. 3DIcon Corp. is a tech company specializing in 3D projection and display technologies.

4/14/2011

GNTA - GENTA Inc.

GNTA - Genta Inc. appears to be in play among penny stock traders today with above average volume and a 38% upward move going into market close. The stock opened at .06 and has so far peaked at .089 as the intraday high. GNTA has experienced a steady decline over the past year and may have finally found a bottom and is now bouncing as traders are beginning to show some interest in the stock.

Volume has picked up within the last month with average daily volume over the last three months being 2,296,160. Volume is way above the three month average with over 11.5 million shares traded. Penny stock traders should place GNTA on their penny stocks list of stocks to watch since it may offer an opportunity for traders to take a position if the stock pulls back to support levels since a tentative support base appears to have been reached.

No real news as been released from the company to give any indication of news related momentum driving this issue today. All indications are the move upwards today is purely a speculative bottom play on the part of penny stock traders.

UPDATE: GNTA closed at .0989 up 64% on the day with 15,417,171 shares traded.

4/14/2011

PIPN - The Cloud Computing Penny Stock

Polaris International Holdings, Inc. is an interesting penny stock that has been gaining some attention lately. Trading under the symbol PIHN on the penny stock Pink Sheets Exchange, the company website states it’s business as offering and supplying I.T. services for network infrastructure and Cloud Computing Solutions. This is the reason we believe PIPN has been on so many penny stock traders charts recently with increasing volume and upwards price movement.

For those of you that are at a loss as to what cloud computing is, we will explain here on the penny stock trading blog. Cloud computing is another wonder of the Internet, providing services on demand through shared resources. These resources could be just about any type of device that could be hooked up to a computer and the Internet as well as any software. The big selling point of cloud computing is ease of access with the cloud representing the Internet. Rather than make this difficult to understand, cloud computing is used to provided business applications online with accessibility through your run-of-the-mill web browser. With these applications residing on the provider’s servers, with the bottom line being, cost cutting savings. End user cost are cut and only paying for services on demand. Not a bad idea. If you need more information about cloud computing, you can visit this website http://en.wikipedia.org/wiki/Cloud_computing

PIHN’s website says they intend enter the Asian market with primary focus on Japan and China. The company is telling penny stock investors and penny stock traders Japan is moving toward spending a great deal more money in outsourcing for I.T. services and the sector has grown rapidly and PIHN’s plan is to capture a large share of the market in Asia. The company goes on to say the continued global economic client makes the market ripe for continued growth in out sourcing as companies continue to search for ways to cut cost.

Whatever the case, penny stock traders appear to believe PIHN is one of the current hot penny stocks and continue to push the stock higher with growing volume. Only time will tell…. Remember, Pink Sheet penny stocks are highly speculative, even more so than stocks trading on the OTCBB exchange. However, PIHN may be one penny stock worth keeping on your trading screen and see if traders continue to push this penny stock higher.