LONDON, May 29, 2014 /PRNewswire/ --
Super Stock Profits releases its daily focus list of micro-cap stocks trading on the OTC markets where the focus is on stocks that have had recent news or could be about to break out of their current trading range.
Del Mar Pharmaceuticals (OTC: DMPI) was off by 20% in trading yesterday after trading much higher earlier in the week. There could be a short-term opportunity in shares as the 'falling knife' trade from Wednesday has left the stock very close to its support level at $0.75. As long as shares in the pharmaceutical company hold that $0.75 price in today's trading there is a good chance we will see a green day for Del Mar.
The big upside move in the OTC markets was Mktg, Inc (OTC: CMKG) whose shares moved an impressive 156% on the trading day as they have received a buyout offer for the company at $2.80 per share. Traders that own the company may have already booked profits as the trading price to close was only $0.11 lower than the buyout price. The only risk to the deal is the law firm that is currently reviewing the deal to determine if it's in the best interests of shareholders of Mktg, Inc.
If you are looking to receive our latest weekly picks as well as the latest news and volume trades sent directly to your inbox we invite you to sign up directly at Super Stock Profits or by copy and pasting the following into your browser http://www.superstockprofits.com
Lexaria Corp (OTC: LXRP) was a 37% upside mover as shares bounced off the 52 week low for a recovery trade. The main thing to look for today is a follow through in shares of Lexaria which have been slowly ticking down since the first week in April when the stock was trading above $0.50. The sharp move higher yesterday was encouraging and traders will be looking for a strong open to keep the momentum going.
Liquidmetal Technologies (OTC: LQMT) was heavily traded and closed higher once again as this momentum play which traders seem to love getting involved with short term was up by a cool 7% on the day. After releasing positive testing news in the morning which seems to be well received investors will be looking for the stock to gain some traction here in the $0.20 range if the company is going to break through resistance at $0.25.
Rounding off our 'OTC Focus List" for the day are shares of Cassidy Ventures (OTC: CSVN) and after closing above $2.00 with a move of 41% on the day is bound to catch some attention on the open of the market today. Shares are almost trading like a new company and news is limited but with the volume being above 200k and the price point positive there should be a reasonable chance we see follow through momentum trading in the stock.
Super Stock Profits releases our daily trading report of the top trading volume and percentage leader plays within the small cap markets, keeping you up to date with the latest picks and the latest news on the stocks in focus.
Disclosure: Super Stock Profits is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities but for informational purposes only. Investors should always conduct their own due diligence with any potential investment. Super Stock Profits is affiliated with AMG Global Advisors Ltd which is a FINRA registered company (168847). We have not been compensated by any of the companies listed in this news release
SOURCE AMG Global Advisors Ltd