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Saturday, September 19, 2009

Spongetech SPNG Stock Technical Analysis - 9/21/09

The following is technical analysis on SpongeTech Delivery Systems, Inc. (SPNG.OB) for September 21, 2009

SpongeTech Delivery Systems, Inc. (SPNG.OB) Support and Resistance Levels - 9/21/09

Resistance Levels - $0.14, $0.15

Support Levels - $0.10


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SpongeTech Delivery Systems, Inc. (SPNGE) is back trading over $0.10 after reporting that their earnings filing will be delayed. As soon as the 10-K is filed, the E drops off and SPNGE will be back to SPNG. As far as the stock goes, I would be waiting for the stock to close back over the 10 day moving average before I buy.....to much risk for me right now to just jump in....major resistance at $0.14-$0.15. For More Technical Analysis - Go Here

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