TSW Penny Stock Finder Trading System Reviews 10 OTC Stocks With Possible Upside
(EMAILWIRE.COM, October 31, 2010 ) Boca Raton, FL - TSW (http://www.theStockwizards.net), a penny stocks picks alert blog and newsletter with up to the minute and real-time detailed financial information reports today that SPENCER PHARMACEUTICAL INC (SPPH:OTC) tops their weekly 10.
Stocks among TSW's top ten are: (SPPH:OTC), (LPTH:NASDAQ), (LFBG:OTCBB), (GRNH:OTC), (SFIO:OTC), (LOCN:OTC), (CPTC:OTCBB), (GYPH:OTCBB), (GSLO:OTC), (CRDS:OTC)
(1) SPENCER PHARMACEUTICAL INC (SPPH:OTC )
When traders and investors research small cap stocks, they usually look for defined support and resistance areas. Clearly SPPH has built a nice solid base over the last several months between .20 and .30 cents. The main focus will be on the weekly breakout above .40 cents. A weekly close above this level could send the stock a lot higher. Volume has picked up in the last 7 to 10 trading days as possible confirmation for a short term move.
A major support level is .20 cents as defined by the channel. also supporting the stock is the 50 and 200 day moving averages. The key moving average to watch is the 200 day moving average which sits at .40. A weekly close above this level will spark off a technical breakout.
Two of the hottest sectors in the small cap arena are biotech/pharmaceutical and energy. As veteran traders TSW is consistently looking at these two sectors for potential trades.
Traders and investors may be anticipating a forward-looking event based on SPPH's latest press release dated October 28th.
"According to the mandate, the independent laboratory will perform the animal testing to validate the release time and efficiency of the new Spencer met4 formulation."
"Management believes that the independent laboratory will significantly increase the visibility of Spencer. These tests are straightforward and can be accomplished over the next month or so," stated Dr. Max Arella, President of Spencer Pharmaceutical Inc. Furthermore, "Tests are not only necessary but may help us in adding value to future licensing deals and can potentially provide significant revenue stream for the company in the near and long term while creating significant share hold value."
TSW will be following these events very closely in the near term.
About Spencer Pharmaceutical Inc.
Spencer Pharmaceutical Inc. develops drug platform technologies for the treatment of neurological diseases. The company specializes in the controlled release of existing therapeutic molecules in the areas of central nervous system, which include Alzheimer and Parkinson diseases, and brain cancer; and patented slow release drug delivery technology for the treatment of type-2 diabetes, arthritis, and other potential applications.
It has operations primarily in North America and Europe. The company was incorporated in 1998 and is based in Boston, Massachusetts.
(2) LIGHTPATH TECHNOLOGIES INC (LPTH:NASDAQ)
Trading on the NASDAQ, LPTH had a nice pullback over the last 30 days which gave traders and investors an opportunity to get in at an attractive level based on the chart. The stock is now starting to trend higher.
With only 8.9 million shares outstanding, a market cap of approx.25 million, and anticipation of revenues increasing over the next 12 to 18 months, this looks very attractive to value investors. According to their latest press release, LPTH just completed a 750,000 face to SBIR contract award from the U.S. Navy. TSW is watching closely for further events and is excited to add LPTH to our watch list. We encourage our members to do the same.
A weekly breakout above $3.50 should spark some serious momentum buying in the short-term.
About LightPath Technologies, Inc.
LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical components and assemblies in the United States, Europe, North Africa, and Asia. It offers precision molded glass aspheric optics, precision molded infrared molder optics, isolators, proprietary fiber-optic collimators, GRADIUM glass lenses, and other optical materials used to produce products that manipulate light.
The company's products are used in defense products, medical devices, laser aided industrial tools, automotive safety applications, barcode scanners, optical data storage, hybrid fiber coax datacom, telecom, machine vision, and sensors. LightPath Technologies, Inc. sells its products through its sales force and distributors. The company was founded in 1985 and is headquartered in Orlando, Florida.
(3) LEFT BEHIND GAMES INC (LFBG:OTCBB)
TSW Profiled LFBG over a month ago giving traders and investors plenty of time to do their research. Congratulations to those subscribers who took advantage of the opportunity to profit from this stock.
LFBG exploded over its 200-day moving average and had a weekly close above its last minor resistance of .0043. LFBG screamed above the psychological resistance level of .005 to close at .0056 on the week. Traders and investors will anticipate a run to the psychological level of .01 cents in the coming weeks. One of the nicest sub-penny charts out there at this time.
(4) GREENGRO TECHNOLOGIES INC (GRNH:OTC)
Traders and Investors are focusing on a forward-looking event prop 19 in California on Tuesday, and if passes, could signify be one of the biggest monumental moments in California.
The major resistance level this coming week is .082 cents. This could be a very volatile situation. If prop 19 passes, we could see an explosion in the medical marijuana sector. Pay close attention. If played correctly, traders & investors could cash in big.
(5) SMOKEFREE INNOTEC INC (SFIO:OTC)
Medical Marijuana Play, waiting to see what happens with prop 19 in California this coming Tuesday on election day.
(6) LOCAN INC (LOCN:OTC)
Traders and Investors are anticipating a reverse merger of some sort in the near future which may be driving the price action. TSW will be watching with a close eye how traders and investors react to a pullback in the stock. If LOCN can sustain momentum on a nice pullback, this is the question that will be answered soon. Keep your eyes on the 200-day moving average at .03 and use this as your guide. If LOCN can sustain itself above the .03 cent level, this could get very interesting as the outstanding share count is only approx. 133 million shares, according to the transfer agent.
(7) COMPOSITE TECHNOLOGY CORP (CPTC:OTCBB)
TSW is watching for a breakout above the .29 cent level this coming week. CPTC recently traded above its 50 and 200-day moving average. This is a popular stock with the penny stock community as it usually makes a run once or twice a year.
(8) GRYPHON GOLD CORP (GYPH:OTCBB)
For anyone following gold stocks, TSW encourages subscribers to put GYPH on their watch list. One of the nicer charts out there. The stock broke above its 50 and 200-day moving averages recently and is looking very attractive at these levels. Support $.17 resistance .28.
(9) GO SOLAR USA INC (GSLO:OTC)
TSW started coverage on GSLO at .58 cents. TSW is watching very closely to see if GSLO can break the psychological resistance level of $1.00.
(10) CROSSROADS SYSTEMS INC (CRDS:OTC)
CRDS has a very attractive chart. The stock is trading above $1.00 and breaking out above resistance levels that have not been seen since 2006. It will be interesting to see if CRDS can break above the $2.00 area in the near term.
About TSW (http://www.theStockwizards.net)
TSW is looking for hot penny stock picks exposed and on the move showing unusual movement like SPPH which could be a popular top performing hot OTC small cap penny stock. To subscribe to TSW newsletter, go to http://www.theStockwizards.net .
TSW knows traders and investors are looking for exciting OTC volume movers such as SPPH to put on there speculative penny stock pick watch list for review.
The TSW penny stock finder trading system locates the best small cap, micro cap penny stocks that have unusual movements with news, popular penny stocks with big gains, and strong stock trends.
TSW looks for exciting, explosive penny stocks like SPPH with the right mixture of powerful volume and low market capitalization to give day-traders & investors an opportunity to build a penny stock watch list consisting of the most notable penny stocks with high volume and positive change that can become explosive mega volume penny picks at any given time.
PLEASE NOTE: TSW has been compensated ten thousand dollars (10,000) from IAB Media for a one month SPPH advertising campaign. TSW has been compensated five thousand dollars (5,000) from National Financial Communications Corp for advertising services and to profile LPTH on our Weekly Top 10 List . Any compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company.
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