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  • The Stock Wizards announces its Top 10 Stocks for the week of 5/24/2010

    Written by: Dana Salvo

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    (1) CBIS (OTCBB) Sector:  Pharmaceutical Medical Marijuana

    CBIS — Cannabis Science, Inc.

    Medical marijuana has been a hot topic on Capitol Hill. CBIS is forming a very nice double bottom right at the bottom of the range, which makes this a very low risk trade. A weekly close above the 50-day moving average of .18 cents should get the momentum traders attention. Minor resistance .20, weekly support .10. We are watching for volume and news for indication of a breakout.  Any news out of Capitol Hill on this subject matter and this stock will explode immediately. If you’re building a list of Medical Marijuana stocks, put this at the top. With a market cap of only 8 million there is plenty of upside here.

    (2) KATX (OTC) Sector:  Mineral Exploration and Prospecting

    KATX — KAT Exploration Inc.

    TSW was very impressed with the price action while the overall market was very bearish for the week. Traders and Investors were happy when the gap was filled and reversed to close very strong on the week. The .30-cent resistance area looks to be a big number for this coming week. If we can break through and close above these levels on a weekly close that would be extremely bullish.

    KATX was profiled on the weekly top 10 under .10 right before the move started. Our subscribers have enjoyed handsome gains. If you’re not receiving the weekly top 10 delivered straight to your mailbox over the weekend, make sure you take this opportunity to do so now.  http:/bit.ly/wttemail

    (3) WOLV (OTCBB) Sector: Junior Exploration  Mineral Properties

    WOLV — Wolverine Exploration, Inc.

    Are Traders and Investors feeding off the KATX euphoria? Here is another mining stock that has a beautiful chart behind it. WOLV just broke above its weekly all-time high of .09 cents. This makes it for an easy trade if you use .09 cents as your guide for support. The stock looks like it has plenty of upside. Your best entry point will be a bounce off the 5 or 10 day moving average. Definitely one to keep an eye on.

    (4) VMSY (OTCBB) Sector: Security and Surveillance

    VMSY — Visual Management Systems, Inc.

    VMSY has a beautiful consolidation right underneath the 200-day moving average .05 cents. A weekly breakout above this level should send this stock to higher grounds. Could get on a big run. TSW has this stock on their radar.

    (5) GOIG (OTC) Sector: Mobile Entertainment

    GOIG — GoIP Global, Inc.

    GOIG bounced beautifully off of the 50 day moving average of .019 cents this week. This will be your major support level, which makes it for a very easy trade. If the stock breaks below the 50-day moving average, you get out. If it stays above it, you stay in. It’s that simple. A weekly close above .035 cents will put another leg up in the stock. TSW will be watching this level with a lot of interest.

    (6) CEMI (OTCBB) Sector: Point-of-Care Diagnostic Tests

    CEMI — Chembio Diagnostics, Inc

    CEMI just started to poke its head above the 200-day moving average .245 cents. A weekly close above .31 should start a new weekly trend in the stock. Watching for volume confirmation.

    (7) CVAT (OTCBB) Sector: Energy Green Technology

    CVAT — Cavitation Technologies, Inc.

    Volume has started to pick up the last several days. A weekly close above the 200-day moving average .24 cents and you will see momentum buying come in very strong.

    (8) MOPN (OTC) Sector:  Manufacture and Supplier of Oil Recovery Products

    MOPN — MOP Environmental Solutions, Inc.

    This will be a very critical week for MOPN. It has gone through a two-week consolidation, and is running out of time. The stock is sitting right at its 10 and 13 day moving averages and needs to make a move to the upside starting on Monday. If you are in this stock pay close attention. A big move is coming one way or another.

    (9) NTRZQ (OTC) Sector: Stabilized Rice Bran

    NTRZQ — NutraCea

    Q Stocks have been big money makers this year and this is one no exception. We put out a twitter trade alert several days ago when NTRZQ was trading below .10 cents. The stock closed above its 200-day moving average of .11 cents. We have one more resistance level to get through and that will be .13. A close above this level should spark some nice momentum to the upside. If you are a Q stock player definitely one to watch.

    (10) GETA (OTCBB) Sector: Biopharmaceutical

    GETA — Genta Incorporated

    GETA has almost finished filling the downside gap of .046. TSW is looking for a bottom reversal, which should come very soon, possibly as early as this coming week. A daily close above the 10 and 13 day moving averages will confirm our bottom reversal. If you’re a bottom player, keep a close 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.

    PLEASE NOTE: The Stock Wizards has been compensated ten thousand dollars from a third party to profile Cavitation Technologies (CVAT) and has purchased 1.5 million shares of Cannabis Science (CBIS) from a third party at a discount. Any compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. When compensated by a third party, please be fully aware that the third party may have shares and may liquidate it, which may negatively affect the market. When TheStockWizards.net receives free trading shares as compensation for a profiled company, TheStockWizards.net may sell part or all of any such shares during the period in which TheStockWizards.net is performing such services. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled companies.  In addition, there may be members on this board that receive compensation for particular stock awareness without telling members, so please always use your own buy and sell signals based on your own decisions.  Any recent increase in volume or increase in stock price may be due to The StockWizards.com representatives buying. The Stock Wizards intend to sell shares received as compensation for providing Company Background Information, sending opt-in emails, posting charts, videos, site moderation, consulting etc. We do not give price targets in any of our written or recorded material. TheStockWizards.net will not advise as to when we decide to sell and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.  Please do your own research and make your own investment decisions. Always remember that TheStockWizards.net is not an analyst and we do not employ or contract any analysts. Investing in securities such as the ones mentioned on our website, in email, or consulted for are for high-risk tolerant individuals only and not the general public.

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    May 22, 2010 @ 3:59 am Trackback URL Posted in Newsletter and tagged with , , , , , , , , , , , , , , , , , , , , , , , , , .