Are These Stocks Showing Near Term Potential? OXIS International Inc (OXIS), Levon Resources (LVNVF) and Sunx Energy Inc (SNXG)
New York, NY – GDP INSIDER – 04/02/2015.
This article discusses three companies: OXIS International Inc (OTCMKTS:OXIS), Levon Resources (OTCMKTS:LVNVF) and Sunx Energy Inc (OTCMKTS:SNXG)
OXIS International Inc (OTCMKTS:OXIS) fell back yesterday with the stock losing 12.78% or $0.0471 to close at $0069 on very heavy trading volume of 9.105 million shares, compared to its three month average trading volume of 2.737 million. The drop takes some of the downward pressure off the researcher and developer of products to counteract oxidative stress. Even after yesterday’s decline, the stock is still up 57% so far this year and it is taking steps to consolidate its position by suspending trading on the Euronext market, to ensure it is only listed in one place making it a hold.
Levon Resources (OTCMKTS:LVNVF) continued to fluctuate yesterday with the stock gaining 11.72% or $0.04 to close at $0.41 on very active trading of 2.823 million shares, compared to its three month average trading volume of 0.183 million. The exploration stage company focused on the acquisition and development of natural resources in Mexico has been trading between $0.31 and $0.41 for the last month and cannot seem to break through its resistance level of $0.42. With RSI of 61.53 and a bullish MACD crossover looking likely, Levon Resources may be positioned to break out, making it a hold.
Sunx Energy Inc (OTCMKTS:SNXG) plummeted yesterday with the stock falling 63.93% or $0.0319 to close at $0.0180 with more than 6.896 million shares trading hands, compared to its three month average trading volume of 0.176 million. The alternative energy company engaged in the production of renewable biodiesel has been in decline for most of last month and is now down 93.56%. The sell-off began yesterday on no major news, but the fall was sharp enough to depress Sunx Energy Inc’s RSI to 20.44, making it potential undervalued and a risky speculative buying opportunity.
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