Money-Maker Breakout Stock, MNGA

11 במאי 2015

MagneGas (MNGA) has recently had a large order placed to place acetylene in plants for an unnamed cement company (Argos Cement is being named as the number one suspect for the company who placed the order). This caused the stock to gain 10.1% up to .95 a share from its previous .84 a share. There was also a volume spike due to the breaking news the company issued which increased the volume up to 11,325,224 trades, while it's average volume is only 608,502 trades. A similar occurrence happened in late March of last year when the volume spiked up to almost 30,000,000 trades and in turn increased the price to 2.40 a share. The overall trend of the stock from its last price spike is bearish but with news of a new gas order and the profit margin rising almost 850% I believe we are looking at an extremely high probability of a breakout where we could see prices reach upwards of 1.05-1.15 short-term and up to 1.50-1.70 long-term. Definitely a stock that could make some serious money if trend continues.