Penny Stocks for the week include: IWEB, EIGH, RPPR, QASP, ENTI, HLNT, SFMI, USOG, ZVTK, and KATX.
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1- (OTCBB) IWEB: cloud computing has been a hot Penny Stock s lately. Hewlett-Packard (HPQ) and Dell computer (DELL) were in a bidding war to buy cloud computing company 3Par (PAR). The bidding war lasted about two weeks and Hewlett-Packard finally won the right to buy the company.
With all the attention on cloud computing, the leading cloud penny stocks computing company in the OTCBB penny stocks arena is Iceweb Inc (IWEB). The stock broke its 200-day moving average several days ago and has not looked back since. The stock has strong support at .18 with resistance at .24. It will be interesting to see if the stock remains hot over the next several weeks. Definitely one to put on your radar.
2- (OTC) EIGH: EIGH broke out above its 200-day moving average just recently and hasn’t looked back. Looking at a weekly chart of the Penny stocks, EIGH bounced off its 50-week moving average and is now starting a new uptrend. All eyes will be on the important .14 resistance level. A weekly close above this level will get some serious momentum going in the penny stocks.
