OTC Stocks Daily Focus List: MusclePharm Corp, Advanced Cell Technologies, Growblox Sciences, Inc. Nano Tech Entertainment, Novagant Corporation
LONDON, June 25, 2014 /PRNewswire/ --
The lightest volume week of the year is likely to go into the books this week as less deals and reluctant larger volume traders start hitting the Hamptons by Thursday afternoon. The OTC markets have followed suit to a certain extent but the volatility that normally accompanies lighter volume can attract aggressive short term traders.
MusclePharm Corp (OTC: MSLP) was a stock on investors radars as shares approached a 52 week high of just above $13.00. The companies increased contracts and products continue to be a focus for investors as shares have been trading higher again recently. The stock closed at $11.85 very close to the highs of the day to close trading on slightly higher than average volume.
Advanced Cell Technologies (ACTC) announcement of a new CEO did not hurt shares in trading yesterday as they closed higher by more than 11% on their way to being a double digit stock once more. The 52 week high at $0.10 looks like technically it could be reached if shares hold above their current level on this trajectory.
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Growblox Sciences (GBLX) closed the day higher and looks to have found a trading base above the $1.00 mark which will encourage short term traders and investors alike. Volume was just above average ahead of the open in the markets today and traders will be looking for another close higher above $1.35 to really test the next resistance point.
Nano Tech Entertainment (NTEK) was another double digit gainer and will be looking for momentum follow through in trading of its shares as they are on the cusp of breaking through the yearly high price of $0.08. The trading volume was strong yesterday with almost 3 million shares exchanging hands on the OTCQB market.
Novagant (NVGT) traded lower by 15% to close ahead of the market open today as those shares look cheap at these levels. The volume was around twice the daily average however if that increases on the stock's current path they could test the resistance at $0.50 in the short term.
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