LONDON, June 10, 2014 /PRNewswire/ --
We are starting to see signs of the summer slowdown in the over the counter markets as we move into the second week of the trading month. Volume is down across the board but still plenty of trading opportunities. Today we focus on a group of stocks that have been in the news or have seen unusual volume come into the stock in the last week.
Strategic Global Investments (OTC: STBV) announced the completion of their latest pilot episode and are now set to launch syndication efforts. The volume has picked up substantially since the news was released this morning and the shares look like they will trade record volume today. With a sub-penny price it may not take a lot to push the price of the stock up on a percentage basis and traders are sure to have their eye on this name throughout the day at least.
Alkame Holdings (OTC: ALKM) has been the subject of much chatter on the street and seems to have received a lot of attention to start the week off especially after making an offer to LeBron James for his hydration needs. With a 52 week high at $1.41 this company could have a lot of potential if it has a good trading week and the magic number to break to the upside on volume is $0.53. There also looks to be strong support for shares of Alkame at the $0.36 level.
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One World Holdings (OTC: OWOO) was another name off to a strong start in OTC trading action this morning as shares rose 23% in early trading. One World had what looked to be positive news released regarding more distribution for their products which is helping to push shares higher. The volume is more than average as the stock approaches a key level at $0.07.
Positiveid (OTC: PSID) slowed down slightly after enjoying its shares being in a firm uptrend the last few trading sessions since the company announced its first ever revenues. The range was fairly wide as to where exactly they will come in but the street seemed to like it none the less. Traders are looking for shares in Positveid to hold above the support level of $0.05 to land a short term chance of attaining $0.10.
Powerdyne International (OTC: PWDY) is moving higher this morning by 4% as that stock looks to break out of a confirmed downtrend that shares have been stuck in since the March timeframe. The good news for the company is the short interest is high, therefore meaning any potential upside in the stock could be that more aggressive if people are scrambling to cover their positions. The volume has also been above average this week.
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SOURCE AMG Global Advisors Ltd