Wednesday’s ‘breakfast digest’ returned favorable results with our OTC market pick, O2 Secure Wireless Inc. (OTC: OTOW), jumping as much as 450%, shares of Broadwind Energy, Inc. (NASDAQ: BWEN) spiking 22.5%, and Cyclacel Pharmaceuticals, Inc. (NASDAQ: CYCC) retracing a modest 1.2% on the session.
Once more, we’ve chosen three stocks for Thursday’s trading session with the help of our unique technical scans.
Forming a bullish harami chart pattern ending Wednesday’s session, shares of Valence Technology Inc. (NASDAQ: VLNC) may be positioned for upside movement. Volume on Wednesday was roughly twice that of the 3-month average.
Shares of Cano Petroleum, Inc. (AMEX: CFW) fell 33% as the company revealed plans to post-pone an anticipated merger agreement. Towards the latter half of Wednesday’s trading session, traders helped the price per share to a higher close, signaling the possibility of a ‘bounce’ and short-term gains.
Is the glass half-empty or half-full? Stationed at a triple-bottom supporting level, Encounter Technologies, Inc. (OTC: ENTI) will either dilute the value of their shares and tumble towards lower marks, or revel in a turnaround move to the upside.
Wish you the best of luck in your trading endeavors.