Can Bitcoin Shop Inc(BTCS), Electronic Cigarettes Intl Group Ltd(ECIG) and Medbox Inc(MDBX) Move Into The Light?
New York, NY – GDP INSIDER – 02/19/2015.
This article discusses three companies: Bitcoin Shop Inc(OTCMKTS:BTCS), Electronic Cigarettes Intl Group Ltd(OTCMKTS:ECIG) and Medbox Inc(OTCMKTS:MDBX).
Bitcoin Shop Inc(OTCMKTS:BTCS) the sometimes controversial digital currency platform soared up 27.45% yesterday rising $0.07 to close at $0.3250 on heavy trading of 10.5 million shares, more than 10 times its average volume of 1 million. The stock had been trading between $0.10 and $0.20 for the last 6 months before it broke above is resistance level at the end of last week after news that Bitcoin was gaining more traction in Europe. Bitcoin Shop Inc is now situated $0.265 above its 52 week low of $0.06 and has the potential to be a good medium to long term investment.
Electronic Cigarettes Intl Group Ltd(OTCMKTS:ECIG) finally broke away from its recent stagnating performance by rising 11.13% to close at $0.0789 with more than 17.5 million shares traded. The manufacturer and distributer of smokeless cigarettes has been under a cloud after poor executive decisions and negative publicity last year wiped most of the value from the stock and delayed its $150 million NASDAQ listing. Electronic Cigarettes is now trading well above its 50 day moving average of $0.06 and has rapidly growing revenue. As investor confidence grows, the stock should steadily gain ground.
Medbox Inc(OTCMKTS:MDBX) got the start of the turnaround it has been waiting for yesterday, with the stock climbing 16.30% to close up $0.30 at $2.14 on three months average trading volume of 206,500. The stock has been in decline for the last 52 weeks due to a class action suit filed against it for inflating its share price by misstating earnings and has been looking more and more undervalued with the stock trading well below the 50 day moving average of $4.46. With interest growing in the stock once again, it could be the time to buy.
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