Friday, October 23, 2009 10:18:19 AM
ALREADY UP 5% FOR THE MORNING GRAB THEM NOW WHILE YOU CAN!
Cheyenne Resources Corp. (OTCBB: CYRS) traded strongly and closed up to 2.3% on about 1 million shares for the day
This was over 3X its 10-day average volume.
CYRS has an overall upward chart which I believe could be largely credited to three factors:
(1) On October 21st, CYRS released positive news regarding a potential $105 million revenue producer!
(2) On October CYRS released positive news regarding production from a property that could yield approximately $250,000 - $425,000 in revenue per month!
(2) CYRS has barely hit the street (maybe 3 days), so early entrants stand the greatest chance of witnessing maximum returns!
Overall, CYRS displayed that shares were in high demand.
With the direction the Company has proven it is going with outstanding reserves scheduled to be generated, I believe investors are confident that higher share prices are in store for the future and agree with the idea that the previous trading sessions suggests an overall uptrend... which further adds to the speculation that this could very well be the beginning stages of upwards run.
Again, CYRS is showing:
1. Accumulation
2. Uptrending volume
3. Uptrending price
Below is an annotated chart which describes some technical aspects of CYRS...
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CYRS could be closing in on passing he 52-week high in the very near term.
With continued buying pressure and because with any additional momentum CYRS could achieve this mark!
Best Regards,
info@pennystockmoneytrain.com
www.pennystockmoneytrain.com
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