green energy penny stock - tag category postings

EVCA EVCARCO INC is a penny stock that is getting a lot of current real time interest and is currently trading at .022 cents  There has been a surge in volume over the last 10 trading days which is always something I like to see especially when on a relative basis it represents an increase over over previous average volumes.

I briefly looked at the website of EVCA and I have to say that it is one of the nicest looking penny stock websites I have ever seen.  Most of the time penny stock company websites leave something to be desired, but this one really fits the bill for me.

EVCARCO INC is a low float green energy penny stock with 83 million shares outstanding according to otcmarkets.com   This to me is in the very low range for a penny stock and is a good sign.

Apparently the stock is getting some good momentum due to a senator’s proposal of a $7500 somewhat instant rebate for electric car vehicle purchases.

From a trading perspective we already missed the boat on EVCA.  The real buy was yesterday at the close or at the open today.  The stock is already up 85% today however it is still important to see how it closes.

But there exists potential that this could turn into a multi day runner.  I do not view it as a buy right now.  It is simply worth putting on the radar in my opinion.

For Evcarco Inc stock to keep extreme strength I would say that tomorrow 2/9/2011 it needs to hold .0144 as the low and then try to develop some type of reversal candlestick.  It may follow through quickly to the upside tomorrow, but we are in sort of an IF THEN type scenario with EVCA right now since it has already made a big move today.

The IF THEN conditional depends on how we close today and then how we open tomorrow and if .0144 is able to be held strongly.  These are the important conditions for this potential setup in EVCA right now.

As an aside, the booming oil price (over the longer term) should help to keep the spot light on green energy penny stocks.  We have seen some huge moves in the green energy sector in the past and some of the greatest moves were during periods were the oil price was skyrocketing.  Why?  Because it creates the sense that an alternative is needed and helps to push more demand for green energy products and makes them more cost competitive.

There may be a lot to like about Wanderport Corp. WDRP trades on the pinksheets and according to pinksheets.com:

WanderPort Corporation is a publicly traded company specializing in the development, marketing and distribution of Eco-Friendly Technology and solutions. The company’s main focus is the preservation of clean fresh water as well as the reduction and elimination of fossil fuel uses. WanderPort owns the global exclusive manufacturing and distribution rights to an Eco-Friendly Pulsar Tankless Water Heater Solution.

A lot of penny stocks these days seem to like the green energy sector.  So what does the chart say?

The chart of WDRP caught my eye because it has a roughly 2 year base and has had decent volume in the the last few months.  Liquidity does not seem to be too much of a problem with it right now.

In addition Wanderport Corp. is currently trading above its 50 day moving average, a good sign and also above its 200 day moving average, another good sign.  A golden cross occurred (50 day moving average crossing above 200 day moving average) near March 10th, 2010 and tells me that the bulls seem to have a shot at pushing this one higher.

The most recent daily candlestick on WDRP looks like a hanging man candlestick and could be a sign of another decline this week.  But if it can ignore that candlestick and move higher that would be quite a bullish event in my opinion.

Also the overall chart has a general tendency towards a large cup and handle pattern.  This stock could have measurement implications towards 6.5 cents.  This is only a rough estimation at this point.

The chart is also showing a general symmetrical triangle formation that is coiling up for a big move.

The volume contraction within the large triangle is consistent with this pattern and if a breakout does occur, it will be important to see a dramatic increase in volume out of this pattern.

The penny stock rating for this stock is 2.