Energy 1 Corp. (EGOC.PK) Leads Weekend Small-Cap Business Report
September 24, 2011 West Palm Beach, Fla. – Undiscovered Equities.com OTC Penny Stocks closing on strong gains EGOC, DUSS, NYXO, TOFS, MNKD despite a brutal week for the stock market ending on a quiet note Friday, but worries about the global economy again pounded copper, gold and other commodities.
OTCBB Total Volume for 316, 659, 722 Million, Advancing Issues 330 Declining Issues 432
Pink Sheets Total volume 2.6 Billion Shares, Advancing issues 498 Declining issues 2616
The most active bullish penny stocks at the close of trading includes: EGOC, DUSS, NYXO, TOFS, MNKD.
EGOC came out of a nice three-day consolidation pattern to explode on the upside closing the week on a very strong note.
Energy 1 Corp. is an energy research and development and company and develops energy generator and storage systems.
2-Dussault Apparel, Inc. (DUSS.PK) last trade .008 soaring 45.45% on overall increasing volume of 16.7 million shares at the close of trade.
DUSS continues to make higher highs and higher lows closing out the week with a bang. traders and investors have their eyes zoned in on the psychological .01 resistance level this coming trading week.
Dussault Apparel Inc. engages in the design and distribution of apparel in Canada and the United States. It designs apparel, such as T-shirts; and skateboards and swimwear for promotional events. It also offers hats, hoodies, and head ware.
3-NYXIO TECH CORP (NYXO.PK) close .948 advancing 14.29% on better than average volume of 1.7 million shares exchanging hands on the day.
NYXO has continued to challenge the emotional $1.00 resistance level over the last several trading days. a weekly close above this subconscious resistance level could spark another round of momentum buying traders and investors are looking for.
Nyxio® Technologies was established in 2007 to deliver high-quality, cutting-edge products to the consumer electronics industry. Nyxio identifies gaps in the market and develops creative products to fill those voids, such as the world’s first integrated flat screen TV and full PC, the VioSphere Smart TV.
4-247MGI, Inc. (TOFS.PK) last tick .0012 increasing 10% on steady volume of 39.8 million shares at the close of trade.
TOFS continues to hang around the all-important 50 day moving average as a potential technical breakout event. It weekly close above .0013 could spark a momentum the street is looking for. The emotional support level for the coming week will be the all-important .001 level, a weekly breakdown below this all-important number will be damaging to the stock on a technical basis.
247MGI, Inc. does not have significant operations. It intends to acquire assets or shares of an entity actively engaged in business.
5-MannKind Corp. (MNKD) last $3.73 gaining 17.30% on surging volume of 2.1 million shares.
After a healthy consolidation MNKD broke out of a very nice consolidation pattern to close strongly above the key 100 day moving average on a technical basis. The street has its sights set on the breakout above the 200 day moving average in the short-term, a weekly close above 4.50 would satisfy this technical event.
MannKind Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of therapeutic products for diabetes and cancer.
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