Tuesday, March 19, 2013 9:39:00 AM
"IC Punch Media, Inc. PNCH
PNCH, on Monday, saw its eighth straight day of gains. It opened up strong, breaking a penny in the first half-hour of trading. During lunchtime, the stock saw a drastic pullback to .0075 where it held firm support. PNCH then punched through to hit a new high of .0109 into the close.
We called for yesterday's pullback, and stated that we wanted to see it hold support at .0065, which it did. We would, of course, like to see .0075 hold as support moving forward. We also saw a break past the 200DMA of .0102, a significant movement which could give rise to further bullish activity.
Total possible gains we've seen out of PNCH from .006 to .0109 stand at 82%."
Another good start to the day -- can we make it 9 days in a row?!
Go PNCH!
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