LONDON, June 5, 2014 /PRNewswire/ --
Trading in the over the counter markets can be a volatile time and the last few weeks have been no exception. Today we focus on a group of stocks trading under $1.00 per share that could have the potential based on recent news and technical trading patterns to break out of their current range.
Onco Sec Medical (OTCMKTS: ONCS) incorporated announced a debt offering in the amount of $16 million in yesterday's trading, the stock closed lower by 10% in a short term move. Shares are still fairly close to the 52 week high and for a penny stock have been trading in quite a tight range. Shares did fail to get though a recent high back on June 2nd when they hit $0.84 intra-day. With a price of $0.70 to commence trading today investors are looking for a break of $0.75 to the upside to take another crack at the 52 week high.
Liquefield Natural Gas (OTCMKTS: LNGLF) had a good days trading ahead of the open today closing higher by 9% on heavier than normal trading. This stock looks very positive for the open today as not only did shares trade 3 times the normal volume, but they also closed higher than the 52 week high making shares in Liquefield almost a sure thing to go higher and build a new base in the markets today.
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Green and Hill Industries (OTCMKTS: GHIL) was another stock closing right at the highs of the day and stands an excellent chance of moving higher once the markets open on Wall Street today. With a closing price of $1.42 which was also it's high of the day. The volume was massive compared to what is normally traded in Green and Hill and traders look like they could take this straight back to the $2.00 in trading today. Shares closed higher on Wednesday by 26.7%.
Eco Building Products (OTCMKTS: ECOB) closed higher by just 3% after trading much higher intra-day. Profit taking was evident as the high of the day got pushed down by more than 20% from the high point. After closing at a support point of $0.0034 we could see a bounce in shares today as they look to get back to the high point of the week's trading.
IntelGenx Technologies (OTCMKTS: IGXT) has been stuck in a downtrend for a few months now but may have reached a new level of support where shares can trade up from. The closing price yesterday just before the open of the markets today was $0.69. The high for the company is well north of $1.00 and this is as cheap as shares of been all year. Bottom feeders will be taking a look at shares, and traders will be hoping the stock can push through the $0.75 level for starters,
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