By Tim - http://stockstobuy.org
The following is technical analysis for EPUNK, INC. (PUNK.PK) - September 1, 2011
EPUNK, INC. (PUNK.PK) Support & Resistance Levels - 9/1/11
Resistance Levels: $0.40, $0.45
Support Levels: $0.20
Chart - http://www.stockcharts.com
EPUNK, INC. (PUNK.PK), a wholesaler of small on-road vehicles and accessories, is seeing a large stock increase this morning. PUNK stock is up 30% to $0.37 this morning. PUNK recently reported 210,000 in quarterly revenues and squeaked out a small profit. The stock is currently testing the 50 day moving average located at $0.395. If EPUNK can close above this level, you could see a new wave of buyers come into the stock.
EPUNK, INC. (PUNK.PK) Support & Resistance Levels - 9/1/11
Resistance Levels: $0.40, $0.45
Support Levels: $0.20
Chart - http://www.stockcharts.com
EPUNK, INC. (PUNK.PK), a wholesaler of small on-road vehicles and accessories, is seeing a large stock increase this morning. PUNK stock is up 30% to $0.37 this morning. PUNK recently reported 210,000 in quarterly revenues and squeaked out a small profit. The stock is currently testing the 50 day moving average located at $0.395. If EPUNK can close above this level, you could see a new wave of buyers come into the stock.
EPUNK, INC. (PUNK.PK) is a higher risk penny stock that trades on the Pink Sheets. While it may be good to day trade this stock on a short term basis, I would not buy it for the long term.
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