Message: Here's the IDOI Scoop
story, hype... call it what you will, but the stock is moving UP and money is being made.
Due your DD, play the game or sit it out and good luck. Just passing on the info.
IDOI Makes New 52 Week High
IDO Security Inc (OTCBB: IDOI) surged to a new 52-week high on the heels of an announcement that the company had won a contract to deliver its patented MagShoe, shoe scanning device to a plethora of government offices throughout Israel.
Volume on the stock, of nearly 1.2 million shares within the first 30 minutes of trading, is a record for the stock and puts it on pace to have its largest signal day of volume during the past three years. This would even surpass yesterday's record of 2.9 million shares.
The stock prices sliced through resistance near 55 cents per share which was the highs made in April of 2012 and is now poised to test target resistance near 1.25 per share which was former support.
Price action gapped on the open as more buyers than seller demanded shares at higher prices. Wit h the 5-day moving average of the IDOI crossing above the 20-day moving average of IDOI, a short term trend is considered in place.
Momentum on the stock is moving to the upside with the MACD (moving average convergence divergence index) printing at its highest levels in the past 12-months as the spread (the 12-day moving average minus the 26-day moving average) diverges away from the 9-day moving average of the spread.
1 Recommendations
Loading...
Loading...
New Message
Please
login
to post a reply