ICPA and SUTI Penny Stocks Needs Investors Attentions

IC PLACES INC (PINK:ICPA) declined 5 percent to close at $0.013 with traded volume of 12.80 million shares as compared to its average traded volume of 10.86 million shares per day. The company’s total outstanding common stock accumulates up to 621.83 million shares out of which only 412.18 million shares are floated in the stock market.

The company touched the day high of $0.014 and low of $0.011. Its total market capitalization arrived at $8.27 million.

Looking at its price history the share price traded between the prices ranges of $0.00 to $0.06 in last one year. This can be derived that the share price is likely to find support at $0.00 while resistance could be seen at $0.06 level.

The share price had moved to its extreme overbought level as per its relative strength index of 75 times. Comparison of moving averages also depicts major upward change in the share price as the short term moving average cuts the long term moving average in upward direction. Likewise MACD Moving Average Convergence Divergence also signals a strong bullish rally as the MACD line and trigger line are in the positive zone. Moreover the MACD line sharply moves above the trigger line indicating major upward change.

SUTIMCo International Inc (PINK:SUTI) fell 27.67 percent to close at $0.011 with traded volume of 10.13 million shares as compared to its average traded volume of 4.87 shares per day. The company’s totals outstanding common stock accumulates up to 32.62 million shares are floated in the stock market.

It seems that the share price movement depicts stability as per its beta value of 48.67 times which means that the share price is likely to change by 48.67 times against one point change in market index.