COIN and Home Depot - 10/28/08 - Converted Organics

One of the hottest stocks today 10/28/08, is Converted Organics ( COIN ) as they have come out with news they received an order from Home Depot ( HD ) to supply fertilizer in 64 Home Depot stores. This little stock is up 29% this afternoon to $6.85 with a big volume spike on the news.

Converted Organics Inc. (NASDAQ:COIN) announced today that the Company has received notice from The Home Depot(R), the world's largest home improvement retailer, that its organic fertilizer product will be carried in The Home Depot(R) stores in Massachusetts, New Hampshire, Connecticut and New York for the spring 2009 season.

"The Home Depot(R) opportunity represents a tremendous chance to expand the availability of high-quality organic fertilizer to consumers," said Edward J. Gildea, President of Converted Organics. "That The Home Depot(R) would agree to carry our Lawn and Turf fertilizer is a significant event for Converted Organics. We are completing the steps necessary to enable our product to be carried in 64 stores in the northeast, and we expect to receive a completed order for product in January of 2009. We are committed to ensuring that this is the beginning of a long-term relationship with The Home Depot(R)."

The Home Depot(R) stores that will carry Converted Organics' Lawn and Turf fertilizer are located in an area of the country where consumers have consistently shown strong support for organic lawn care.

( COIN ) Converted Organics - Breakout Stock 8/26/08 - Technical Analysis COIN

Today, Converted Organics ( COIN ) is breaking out to the upside. COIN has been all over the place over the past year hitting a high of $16.33. Today it opened at $3.64 and its hitting $4.20 on this news:

Converted Organics announced today that the Company will work with Gro Group Inc. as a manufacturing partner in 2009, supplying its organic granular fertilizer to seven of Gro Group Inc.’s major distributors, which collectively service up to 15,000 lawn and garden retailers throughout the United States. Converted Organics’ organic granular fertilizer is for use on lawns, turf, flowers and gardens.

COIN Technical Analysis: Coin is trending below the 50 day moving average at $4.94. A close over $5 would be very bullish and could test the following resistance points: $6.14, $6.79.

Support levels for COIN: $3.64 & $4.00

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