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    The Stock Wizards announces its Top 10 Stocks for the week of 5/3/2010

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    HMIT (OTC) Sector: Mining

    HMIT – Hidalgo Mining International:

    What Can We Say? Huge winner for our subscribers. HMIT keeps making higher highs and higher lows, needs to hold the .0013 -.0015 area for this coming week of trading. Wouldn’t mind seeing a consolidation for a launching pad to go higher.

    IMDS (OTCBB) Sector:  Imaging Diagnostic

    IMDS – Imaging Diagnostic Systems, Inc:

    The stock continues to consolidate, TSW thinks the consolidation is coming to an end and is getting ready for a move. With all the attention on POSC, a similar stock, traders and investors are looking for another similar play and this just might be it. A weekly close above .06 should get the party started.

    CVAT (OTCBB) Sector: NANO Technology

    CVAT – Cavitation Technologies, Inc:

    Cavitation Technologies seems to be building momentum as the days go by. The chart is really getting our attention, money flow indicators are telling us the stock can move higher. Nice set up occurring. A weekly close above the 50 day moving average .17 should get the party started.

    AVOE (OTCBB) Sector: Energy

    AVOE – Avro Energy, Inc:

    TSW thinks the consolidation period is coming to an end. AVOE is consolidating nicely above its 10 and 13 day moving averages for a nice momentum set up. A weekly close above .35 will bring in another round of momentum buying. A weekly close below .20 and it kills the momentum. One to watch.

    SDRG (OTCBB) Sector: Mining

    SDRG – Silver Dragon Resources, Inc:

    SDRG made our weekly top 10 back on April 7th as a strong buy. http://bit.ly/srdgwtt407 we are watching the .36 resistance level this coming week as we feel it should bust right through this level sometime during the week for a nice momentum run. SDRG has a history of moving like we mentioned back on April 7th and it has not disappointed us at all.

    VASO (OTCBB) Sector:  Medical Devices

    VASO – Vasomedical, Inc:

    TSW feels the consolidation period is coming to an end and has to make a move this week. A weekly close above the .20 level gets the party started and momentum buying will come back into the stock. Very low-risk trade one to watch.

    SFMI (OTCBB) Sector: Mining

    SFMI – Silver Falcon Mining, Inc:

    SFMI made are weekly top 10 two weeks ago under $.15 and is getting ready to move higher. A weekly close above .25 should spark another round of momentum buying.

    IDCN (OTC) Sector: Energy

    IDCN – Indocan Resources, Inc:

    We have come to the end of the road with IDCN. This will be the most important week for IDCN to maintain momentum. What do we mean? The stock has been in a trading range from .0015 -.0030 for the last 5 weeks. We are trading at the bottom of the channel at the critical support level of .0015. It is very important that we maintain this level and start to move higher. Traders and investors would be encouraged with a weekly close above .002 to feel that the stock has a chance to breakout to new highs in the near term.

    TSW wishes everyone the best of luck on this one. It’s been a great ride so far.

    ARTS (OTCBB) Sector: Sports Memorabilia and Collectibles

    ARTS – Artfest International, Inc:

    The Stock has been in a nice trading range for the last 30 days. We have come down to attractive levels again. ARTS last 2 moves were off the .004 level in the last 30 days. Can it do it again? A weekly close above .0055 could spark another round of momentum buying.

    UNDT (OTCBB) Sector: Bioterrorism Detection Devices

    UNDT – Universal Detection Technology:

    UNDT has been in a tight trading range for the last three weeks. The stock seems to be building momentum; a weekly close above the psychological .005 level will spark some serious momentum in the stock. Seems to have a lot of interest. Keep an eye on this one.

    Discloser, Disclaimers: http://thestockwizards.net/about/disclaimer/Forward-Looking Statement: This press release includes “forward-looking statements” within the meaning of the federal securities laws, commonly identified by such terms as “believes,” “looking ahead,” “anticipates,” “estimates” and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company’s projections and expectations are disclosed in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. TheStockWizards.net is not a registered investment advisers or broker/dealer. TheStockWizards.net makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market their securities, investing in such securities is highly speculative and carries a high degree of risk.

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    May 1, 2010 @ 6:26 am Trackback URL Posted in Newsletter and tagged with , , , , , , , , , , , , , , , , , , , , , , , , , .