LONDON, May 28, 2014 /PRNewswire/ --
We have seen a significant volume pick-up in the over the counter markets with this holiday shortened trading week. In the last couple of weeks before summer trading kicks in traders are taking advantage and looking to make profitable trades before running off to the Hamptons.
Lab Style Innovations Corp (OTC: DRIO) was a double digit gainer to close trading yesterday ahead of the market open today finishing higher by 15.7% in a very positive days trading. Since presenting at the Marcum Microcap Investor Conference shares have been trading higher and recovered to be hitting resistance in the $1.60 range which is a 'Triple Top' for the company. If shares continue to trade higher in trading today then DRIO could form a base at the level it was trading at back in March.
Fresh Healthy Vending (OTC: VEND) closed lower by 7.2% after recently launching Fresh Micro Market: an unstaffed, fully automated self-checkout retail market which is stocked regularly with snacks and meal options. The franchise focused company has made waves in the small cap markets this year after trading as high as $10.00 at the high point. Currently trading at $2.28 represents a low point for the stock over the last quarters trading and remains stuck firmly in a downtrend. If shares are to trade higher traders are looking for a break of $2.50 to the upside.
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VGTel (OTC: VGTL) was one of the big upside winners on Tuesday as the markets re-opened from the long weekend. With a new CEO in Greg Wells named just a week ago the shares have recovered form there recent low and now trade at $0.50 after a move of 25% to the upside in trading yesterday. Ahead of the open today traders are looking for the stock to get up to the $0.65 range where a new level of support lies.
Blue Earth (OTC: BBLU) traded fairly flat o close trading lower by just 3% on the trading day. After trading higher earlier in the session for a high point of $2.73 shares retraced to close at $2.57. With the yearly high set at almost $4.00 there still looks to be value in the name with value investors taking a look at most stocks trading at a low for the quarter, meaning there would be strong potential for a short term spike in shares.
Eco-Shift Power (OTC: ECOP) rounds off our daily focus list with OTC land and the stock closed higher once more as they close in on a key level at $0.92. Shares in Eco-Shift have been in a firm up-trend since the April timeframe and have not shown much sign of slowing down. We did see some profit taking yesterday with shares trading right up to $0.91 intra-day, just a penny off a new high before closing at $0.79.
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