(ELTP) Elite Pharmaceuticals Inc. Leads Weekly Top 10 as Technicals Poised to Move Stock this Coming Week.

April 16, 2011 Boca Raton, FL–TheStockwizards.net penny stock trading system analyzes the most notable explosive OTC, OTCBB, NASDAQ Micro Cap Penny Stocks such as ELTP with huge volume and positive change.

Elite Pharmaceuticals

The TSW Weekly Top 10 watch list looks for OTC small cap penny stocks that have some kind of technical analysis set up in the charts. TSW looks for moving average breakouts, chart pattern breakouts, bottom reversals, volume accumulation and more.

OTC Small-Cap Penny Stocks showing potential momentum, volume accumulation for the coming week include: ELTP, PSPW, APIT, EVCA, SINX, SNEY, RPPR, GHLV, CPOW, and KBLB.

1-Elite Pharmaceuticals Inc. (ELTP.OTCBB) -.1680

ELTP made a very bullish move this past week. Traders will be watching for a consolidation period before another move. Support .12 resistance .20 for the coming week.

(ELTP) Elite Pharmaceuticals, Inc., a specialty pharmaceutical company, engages in the development, manufacture, and license of orally administered controlled release drug delivery systems and products in the United States. Elite’s lead pipeline products are novel sustained release oral formulations of oxycodone for the treatment of chronic pain, which address two of the limitations of existing oral opioids: the provision of consistent relief of baseline pain levels and deterrence of potential abuse. Both products, ELI-216, a once-daily abuse resistant oxycodone, and ELI-154, a once-daily oxycodone, are in late-stage development. Elite, with partners, also has an ANDA filed with the FDA for a generic equivalent of a pain product and has a generic gastrointestinal drug product in clinical development.

2-3Power Energy Group, Inc. (PSPW.OTCBB) -.82

PSPW closed near its highs for the week. The stock could test the psychological 1.00 area this coming trading week. Resistance .90 support .63.

3Power Energy Group, Inc. develops, constructs, owns, operates, and maintains renewable energy projects in the hydro, wind, and solar power sectors in Europe, Latin and Central America, and Asia. The company has a project portfolio of approximately 2.5 gigawatts.

3-Aspire International, Inc. (APIT.PK) -.38

APIT is consolidating right at its 200-day moving average and traders and investors always look at this as a bullish signal. With the MACD trading above the zero line, APIT could soon be looking for an explosive move. Support .34 resistance .40.

Aspire International, Inc., just acquired and now operates a Hong Kong-based international B2C shopping mall, “My Global Online Shop” (Mygos) — a platform that enables anyone to start his or her own business online. Mygos currently hosts over 80,000 active stores.

Also, through its Chinese subsidiary, Aspire GuangXi Inc., a Wholly Foreign Owned Enterprise (WFOE), it is engaged in the acquisition, exploration and development of mineral properties in the Guangxi Zhuang Autonomous Region of southern China, prospective in particular for manganese and gold.

Aspire’s principal manganese mining property covers an area of 21.3 square kilometers containing 7.4 million metric tons of ore according to an NI 43-101 compliant report certified by a qualified geologist with more than thirty years experience. The on-site operations are led by a highly capable Chinese management team.

4-Evcarco, Inc. (EVCA.OTCBB) -.021

This is going to be a very critical week for EVCA as the stock is trading right at the bottom of its range. The big question traders and investors will have on their minds is whether or not EVCA can maintain these support levels? major support is at .017.

EVCARCO, Inc., a development stage company, engages in selling environmentally conscious automobiles in the United States. It offers electric vehicles and pre-owned vehicles converted to various green technologies; and financing, warranties, maintenance, and mechanical services. EVCARCO Inc. is the first automotive retail group dedicated to deploying a coast-to-coast network of environmentally friendly franchised dealerships and vehicles. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric, alternative fuel, and pre-owned hybrid vehicles.

5–Sionix Corp. (SINX.OTCBB) -.1745

Is SINX headed for a double top or a breakout? That’s the big question for traders this coming week. If SINX can close above .20 cents for the week, we could see another round of momentum buying.

Sionix designs innovative and advanced water treatment systems intended for use in defense, government facilities, emergency water supplies during natural disasters, housing development projects, and various industrial processes including subterranean fracturing used in oil and gas drilling. These systems are located adjacent to contaminated water sites thus reducing cost and toxic exposure and can be used to remove organic materials including oil, waste and other infectious bacteria from contaminated resources.

6-Sunergy Inc. (SNEY.PK) -.0159

SNEY traders and investors will have there eye on the 20-day moving average as a major support level for this coming week. However, be aware that a breach of this moving average could start a breakout to the downside to the 50-day moving average.

Sunergy, Inc. engages in the acquisition and exploration of mineral properties in British Columbia and the Republic of Ghana. The company explores for gold, silver, and copper deposits. It owns a 100% interest in the Humming Bird Property located in the Vancouver Mining Division of British Columbia, Canada.

7-AquaStar Holdings, Inc. (RPPR.PK) -.0009

Can RPPR breakout above the psycological .001 area this week?

AquaStar Holdings, Inc. is a holding company, which utilizes a unique and established platform to launch new technology enterprises based on world-class university research discoveries. AquaStar Holdings, through its wholly owned subsidiary SUTIMCo, Inc., provides experienced management to early stage companies, reducing risk and assuring the know-how in launching and growing a new company. In addition to this skilled management team, AquaStar Holdings can avail itself of the encyclopedic, informal knowledge of the inventor, his experience and his research team.

8-Global Health Ventures, Inc. (GHLV.OTCBB) -.0556

GHLV closed right at its 20-day moving average ending the week on a positive note. Maintaining positive momentum above this moving average could be very bullish for the stock on a weekly basis.

Global Health Ventures is a specialty pharmaceutical company with expertise in drug delivery and formulation. The Company has a proprietary platform technology for drug delivery via the sublingual (under the tongue) route. This unique method delivers drugs to the bloodstream quickly with minimal drug breakdown in the liver or gastrointestinal system, a process that can greatly reduce side effects associated with the drugs. The Company’s lead therapeutic product is a male sexual enhancement drug that is delivered via sublingual route and is called X-Excite. In experimental studies, X-Excite has been shown to reach the blood stream rapidly, producing maximal effect and having less of the unwanted side effects associated with oral delivery route. X-Excite is presently in clinical development in Europe.

9-Clean Power Concepts, Inc. (CPOW.PK) -.11

CPOW is at a make or break point going into next weeks trading. The stock must maintain positive momentum above .10 cents.

Clean Power Concepts Inc., is a producer of Filtered Canola Oil, Canola Feed Meal, Lubricants, Chemicals and Additives. The Company manufactures and markets products under CLEAN POWER CONCEPTS® and MOPO® brands.

10-Kraig Biocraft Laboratories, Inc. (KBLB.PK) -.127

KBLB has been a big winner in the past for TSW subscribers. Can the stock maintain above the psychological .10 level while setting up for another big move to the upside? Resistance is .15 cents.

Kraig Biocraft Laboratories, Inc., is the world leader in the development of recombinant technologies and recombinant fibers for the global textile and technical textile markets. KBLB is an innovative biotechnology company focused on the development of commercially significant high performance polymers and technical fiber. Based on proprietary genetic engineering technology, Kraig has successfully developed and produced next generation polymers and protein-based fibers including recombinant spider silk.

About the Stock Wizards.net

TSW is looking for hot penny stocks exposed such as ELTP on the move showing unusual movement that could end up being a popular top performing HOT OTC small cap penny stock pick. TSW knows traders and investors are looking for exciting hot penny stock picks alerts like ELTP along with OTC volume movers to put on their speculative watch list for review.

The TSW penny stock finder trading system locates the best small cap, micro cap penny stocks such as ELTP that have unusual movements with news, popular small cap penny stocks with big gains, and strong stock trends.

TSW looks for exciting, explosive penny stock picks like ELTP with the right mixture of powerful volume and low market capitalization to give day-traders & investors an opportunity to build a penny stock picks trading watch list consisting of the most notable penny stocks like ELTP that have high volume with positive change that can become explosive mega volume penny stock picks at any given time.

Get real-time penny stock pick text message alerts like ELTP sent to your cell phone.

Disclaimer

TSW has been compensated five thousand dollars (5,000.00) from an unrelated third party to profile Aspire International, Inc (APIT) on our Top 10 List. TSW does not currently own any shares of APIT. TSW has not been compensated for any other profiles featured in this report. The assembled information distributed by TheStockWizards.net is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. TheStockWizards.net does expect that investors will buy and sell securities based on information assembled and presented herein. TheStockWizards.net will not be responsible in any way for or accept any liability for any losses arising from an investor’s reliance on or use of information obtained from our website or emails. Always do your own due diligence, and consult your financial advisor.

Weekly Top 10 ELTP