Penny Stock Sauer Energy (OTCBB: SENY.OB) had a bullish volume session in the last trading session closing up 3.66% to $0.425 on 3x the 3-Month Average Volume. SENY CEO, Dieter Sauer, addressed shareholders in the penny stock just two weeks ago updating them on the strategic alliances SENY has been working on.
Did you know Warren Buffett, one of the World’s Most Successful Investors, has stated that he plans to increase his $6 billion+ investment in wind energy by 14 percent in 2012?
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SENY has seen more than its fair share of subject title in every penny stock trader’s inbox in recent months. SENY could see some more heavy trading again in the upcoming sessions, most likely with the same effect as previous runs.
The most recently filed 10Q for the penny stock was for the quarterly period ended November 30, 2011. SENY reported cash of $153,087 and revenues of $0.
SENY seems to have adequate cash to cover its short-term debt, a D/E ratio of 0.09, which is based on the absence of long-term debt. There were 78,126,436 shares outstanding of SENY as of November 30, 2011.
Bottom Line: SENY seems to have no true bullish sense as the penny stock has more or less been on a downtrend for since mid-December, 2011. With the RSI currently at 52.56 implies that SENY stock is neither oversold, nor overbought. With MACD below both the trigger and zero lines and MFI at 52.75, SENY could possibly be a bounce play to scalp at best.
Whatever wind energy project penny stock SENY might be working on right now, it seems distant enough since the company has not made any announcements since March 6th when SENY announced a strategic alliance with Kwik Tilt, LLC.
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