The Hot List, LTNC, TLIF, PPHM
Labor Smart Inc (OTCMKTS:LTNC)
Another big volume day expected here, LABOR SMART INC closed unchanged at 0.001. Volume was 72% below average (consolidating) and Bollinger Bands were 40% narrower than normal.
Open High Low Close Volume___
0.001 0.001 0.000 0.001 38,793,460
Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 0.00 0.00 0.00
Volatility: 180 249 1,275
Volume: 100,838,432 116,856,536 96,394,352
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Summary
LABOR SMART INC is currently 93.2% above its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume out of LTNC.PK (mildly bearish). Our trend forecasting oscillators are currently bearish on LTNC.PK and have had this outlook for the last 29 periods.
Tocca Life Holdings Inc (OTCMKTS:TLIF)
Not so hot on volume but a bit of interest could see this back at 40c
TOCCA LIFE HLDG closed down -0.005 at 0.030. Volume was 95% below average (consolidating) and Bollinger Bands were 100% narrower than normal.
Open High Low Close Volume___
0.031 0.031 0.030 0.030 2,000
Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 0.04 0.11 891.08
Volatility: 268 431 1,121
Volume: 30,490 60,537 16,390
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Summary
TOCCA LIFE HLDG gapped down today (bearish) on light volume. Possibility of a Common Gap which usually coincides with a lack of interest in the security. Common Gaps are fairly irrelevent for forecasting purposes. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
TOCCA LIFE HLDG is currently 100.0% below its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect very strong flows of volume out of TLIF.PK (bearish). Our trend forecasting oscillators are currently bearish on TLIF.PK and have had this outlook for the last 7 periods, Volume couold turn the indicators bullish.
Peregrine Pharmaceuticals (NASDAQ:PPHM)
PEREGRINE PHARMA closed up 0.094 at 0.425. Volume was 284% above average (trending) and Bollinger Bands were 306% wider than normal.
Open High Low Close Volume___
0.330 0.430 0.330 0.425 5,612,942
Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 0.65 0.95 1.15
Volatility: 583 273 146
Volume: 4,574,460 1,820,602 1,303,865
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Summary
PEREGRINE PHARMA is currently 62.9% below its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of PPHM.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on PPHM.O and have had this outlook for the last 4 periods. Our momentum oscillator is currently indicating that PPHM.O is currently in an oversold condition.
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