Tonights “Speed Round” will cover three hot small cap stocks that are currently trading under $1 per share for July 24 2012.
IDOI currently trading at $.72 cents per shares has potential resistance at $.80 and $.83 cents above with support at $.38 and $.34. Keep in mind IDOI is a heavily paid promotional stock and should be treated with caution. These pump stocks carry a ton of momentum but once the momentum ends, the stocks tend to fall for a very long time.
MDMC another very large promotional play currently is trading at $.31 cents per share and has resistance at$.38 and $.43 cents ahead. Support at $.15 below so please keep a tight stop loss on this potential trade
AAPT had news this morning and traded flat for the day. Resistance at $.024 and $.03 above with support at $.0144 which is the 200 MA line.
This Newsletter continues to be Wall Street and alerted all three of these small cap stocks today. Sign up today to receive one of their lowest prices to date.