The StockWizards.net Announces its Top 10 Stocks for the Week of March 29th
FWTC (OTCBB) Sector: Water Supply
FRESHWATER TECHS INC: FWTC made a nice comeback during the week to close strong above the 200 day moving average (.035). Also, FWTC made a high of .068 on March 19. The Stock Wizards feels that this short-term top can be taken out. Short-term resistance this coming week will be .07, then the psychological .10 area. Support for the week will be the 10 & 13 day moving averages. if we get weekly closes above these levels, the stock could continue to trend higher.
For those of you that are new to trading penny stocks, we advise you to read our article that covers the topic of psychological support and resistance.Click here http://bit.ly/support_res
VSYM (OTCBB) Sector: Technology
VIEW SYSTEMS INC: VSYM has built a nice base around the .05 cent level and looks like it’s ready to break out to the upside. The stock is very oversold. Money flow indicators look ripe for a move. The Stock Wizards will be watching the .10 cent area very closely as resistance. View Systems manufactures and installs weapon detection identification systems, video management platforms and tele-data communication networks. We have weekly support at .04 cents, around the 200 day moving average. The Stock Wizards is watching for unusual volume and any kind of news as a catalyst this week.
CCTC (OTC) Sector: Energy
CLEAN COAL TECHNOLOGIES: CCTC Traders and Investors are watching the possible breakout this week above the 50 day moving average (.14). A breakout above this level could spark another round of momentum in the stock. Major support is at the psychological .10 area. Major resistance is .15 with major resistance at .20.
For those of you that are new to trading penny stocks, we advise you to read our article that covers the topic of psychological support and resistance.Click here http://bit.ly/support_res
IVIT (OTC) Sector:Multimedia
INVICTA GROUP INC: IVIT has a nice strong weekly trend. The stock is sitting in a spot where we feel it could be a low-risk trade this coming week. You have support at .001 .0007 with minor resistance at .0012 .0016.
IMDS (OTCBB) Sector: Laser Optical Imaging
IMAGING DIAGNOSTIC SYSTEMS INC: IMDS has been in the Weekly Top 10 for the last three weeks. This is a critical week for IMDS as it is finishing up a consolidation pattern above the 10 day moving average. As long as we hold above the 10 and 13 day moving averages this week IMDS could make another move higher. Support .05 minor resistance is .08 then .10.
PMDP OTC) Sector: Oil and Energy
PLATEAU MINERAL DEVELOPMENT INC: PMDP with Crude Oil sitting at $80 a barrel and headed for $100 this year, Oil and Energy are back in favor with small-cap traders. PMDP is a great example of the momentum in this sector right now. PMDP is sitting right at its 200 day moving average: (.006) with the 10 day moving average starting to turn up as strong support at .0005. Traders and Investors will be watching the psychological resistance barrier of .001 this coming week.
RMDM (OTC) Sector: Broadband Technology
RMD ENTERTAINMENT GR: RMDM The Stock Wizards is watching the .001 resistance level for a major breakout.
SARO (OTC) Sector: Software
SARS CORPORATION: SARO is currently trading above their 200 day moving average (.005) and could be headed for a major breakout above .001. We are finding major resistance at .002 in the short term.
CORX (OTCBB) Sector: Pharmaceuticals
CORTEX PHARMACEUTICALS INC: CORX came out with some great news yesterday and the stock exploded above the 200 day moving average (.185) for a weekly breakout. If CORX can continue to trade above the 200 day moving average this coming week and the stock gets a weekly close above .25, this could be the start of nice trend. Pharmaceutical and Biotech stocks at the small-cap level can trend for many months at a time. The Stock Wizards likes these kinds of opportunities.
HGUE (OTCBB) Sector: Solar Technology
HAGUE CORP: HGUE is just another example of the momentum The Stock Wizards is seeing in the energy sector right now. The stock broke above its 200 day moving average several weeks ago. The price has been rising in a strong slow steady trend. A weekly close above .25 should spark a lot more momentum in the stock.
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Make sure you read our new Article entitled “The Art of Trading Penny Stocks Psychological Support and Resistance”
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