Current - .04
Short Target - .85+
Rating - Strong
Wyncrest Group, Inc. (WNCG), currently up from Fridays close, and technical indicators include higher than average volume, Marubozu candlestick (which is an extremely bullish candlestick pattern), 50 day moving average crossing the 200 day moving average, and improved Relative Strength Index. Wyncrest Group Inc. also recently received Speculative Buy Rating from Beacon Equity Research with target price of $0.43. Source beaconequity.com
WNCG is expanding its niche insurance consortium . The company recently announced its position to rapidly enter the Latin American market with Wyncrests pending acquisition of Florida Insurance Consulting Inc. WNCG has been in talks with other Insurance and Financial services companies in South Florida that could bring the number of agents in Florida to well over one hundred. This target company is also doing roughly $120,000,000.00 in premium insurance and financial sales per year. Barons Forbes and the WSJ have all ran article recommending the resurgence of the insurance sector which, as a whole, is stated to gross of $1 Trillion this year. Momentum and volume have been steadily increasing in WNCG. Expect this week trading to continue to move upward as savvy investors position themselves to profit from this Sizzling Hot Sector !
The Wyncrest Group, Inc. (Pinksheets:WNCG) is a diversified financial holding company with six business acquisitions currently in negotiations. Each business was prospected and targeted for synergies and growth with Southwest Financial Group, Wyncrests flagship subsidiary. Expectations are to complete all six acquisitions in the 3(rd) and 4(th) quarters of 2009, pending financial audits for each of the companies. Each of the WNCGs acquisitions must meet strict criteria for strategic fit in order to vertical integrate into The Wyncrest Groups core competencies. WNCGs growth through acquisition business model makes the companys stock our 5 Star pick of the week.
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