(ELTP) Elite Pharmaceuticals Inc. Leads Weekly Top 10 as Technicals Poised to Move Stock this Coming Week.
April 16, 2011 Boca Raton, FL–TheStockwizards.net penny stock trading system analyzes the most notable explosive OTC, OTCBB, NASDAQ Micro Cap Penny Stocks such as ELTP with huge volume and positive change.
The TSW Weekly Top 10 watch list looks for OTC small cap penny stocks that have some kind of technical analysis set up in the charts. TSW looks for moving average breakouts, chart pattern breakouts, bottom reversals, volume accumulation and more.
OTC Small-Cap Penny Stocks showing potential momentum, volume accumulation for the coming week include: ELTP, PSPW, APIT, EVCA, SINX, SNEY, RPPR, GHLV, CPOW, and KBLB.
1-Elite Pharmaceuticals Inc. (ELTP.OTCBB) -.1680
ELTP made a very bullish move this past week. Traders will be watching for a consolidation period before another move. Support .12 resistance .20 for the coming week.
(ELTP) Elite Pharmaceuticals, Inc., a specialty pharmaceutical company, engages in the development, manufacture, and license of orally administered controlled release drug delivery systems and products in the United States. Elite’s lead pipeline products are novel sustained release oral formulations of oxycodone for the treatment of chronic pain, which address two of the limitations of existing oral opioids: the provision of consistent relief of baseline pain levels and deterrence of potential abuse. Both products, ELI-216, a once-daily abuse resistant oxycodone, and ELI-154, a once-daily oxycodone, are in late-stage development. Elite, with partners, also has an ANDA filed with the FDA for a generic equivalent of a pain product and has a generic gastrointestinal drug product in clinical development.
PSPW closed near its highs for the week. The stock could test the psychological 1.00 area this coming trading week. Resistance .90 support .63.
3-Aspire International, Inc. (APIT.PK) -.38
APIT is consolidating right at its 200-day moving average and traders and investors always look at this as a bullish signal. With the MACD trading above the zero line, APIT could soon be looking for an explosive move. Support .34 resistance .40.
Aspire International, Inc., just acquired and now operates a Hong Kong-based international B2C shopping mall, “My Global Online Shop” (Mygos) — a platform that enables anyone to start his or her own business online. Mygos currently hosts over 80,000 active stores.
Also, through its Chinese subsidiary, Aspire GuangXi Inc., a Wholly Foreign Owned Enterprise (WFOE), it is engaged in the acquisition, exploration and development of mineral properties in the Guangxi Zhuang Autonomous Region of southern China, prospective in particular for manganese and gold.
Aspire’s principal manganese mining property covers an area of 21.3 square kilometers containing 7.4 million metric tons of ore according to an NI 43-101 compliant report certified by a qualified geologist with more than thirty years experience. The on-site operations are led by a highly capable Chinese management team.
