Spongetech SPNGE Stock Technical Analysis - 9/28/09

The following is technical analysis on SpongeTech Delivery Systems, Inc. (SPNGE.OB) for September 28, 2009

SpongeTech Delivery Systems, Inc. (SPNGE.OB) Support and Resistance Levels - 9/28/09

Resistance Levels - $0.11, $0.14

Support Levels - $0.07

Chart - http://stockscharts.com

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SPNGE dropped significantly when the company announced plans to reverse split their stock. The company then dropped the ball on their 10Q which added the E on the end of SPNG. SPNGE is now testing the 200 day moving average which I expect to hold ( 0.07). I will buy SPNGE for a trade when it closes back above the 10 day moving average. For More Technical Analysis - Go Here

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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

Chart - http://stockscharts.com

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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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Spongetech SPNG Stock Technical Analysis - 9/15/09

The following is technical analysis on SpongeTech Delivery Systems, Inc. (SPNG.OB) for September 15, 2009

SpongeTech Delivery Systems, Inc. (SPNG.OB) Support and Resistance Levels - 9/15/09

Resistance Levels - $0.14, $0.16

Support Levels - $0.10

Chart - http://stockscharts.com

Discuss Stocks - http://stockstobuy.org

SpongeTech Delivery Systems, Inc. (SPNG.OB) took a nose dive last week after the company announced a reverse stock split. The stock is now trading below both the 10 & 50 day moving averages which is technically bearish. While the uptrend which started in May is still intact, I will be waiting until the stock closes above the 10 day moving average to buy. Resistance is located at $0.16 while support is located at $0.10. Also, check out HTDS

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