Sunday, July 26, 2009
New Stock of the Week - OOGI
OOGI has started to gain major recognition by investors over the last few trading days. It is a fresh opportunity in the green technology industry and it is gaining a huge amount of traction with solid volume. It is the kind of traction we like to see in a stock before a potential big move!
We believe that this week could be a big breakout week for OOGI! The company has had three major announced events occur over the last month: (1) OOGI announced completion of their pilot plant in South Africa for production of bio-fuels from algae and capture of carbon emissions, (2) OOGI acquired 51% of H-Power International, giving Odyssey the exclusive worldwide rights over H-Power's hybrid battery technology, (3) OOGI's H-Power subsidiary entered into negotiations with a major international wind energy company to utilize H-Power's hybrid battery technology to store the power generated by the wind farms.
OOGI has traded higher the last three trading days from its lows. We could see a major breakout as OOGI has already broken through key resistances! Make sure to be ready for the open on Monday (7/27). There could be a rush for OOGI shares!
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