With only 12,844,489 shares outstanding and 6,433,900 issued as of December 31, 2011 according to their SEC filings, penny stock VGTel Inc. (OTCBB: VGTL) is due for a breakout today. Volume has been incredibly low on the stock but after announcing its future plans yesterday, 0.57 doesn’t look to be the price this OTC listed penny stock will remain at for very long.
VGTL, dba 360 Entertainment & Productions, is devoted to creating a multi-platform media company offering content, production, distribution and programming, along with products and vehicles for financing tax credits and other products tailored to the entertainment industry.
VGTL installs street-legal “sweepstakes kiosks” that look like slot machines in laundromats, bars, convenience stores. Pay the machine, log in, play a game and maybe, like the other 60 million Americans already playing traditional sweepstakes games, win a cash prize.
VGTL effectively owns the “casino” and a slice of what Bloomberg calls a $15 Bilion business.
VGTL Stock Snap Shot:
52-Week High (Apr 4, 2011): 14.00
52-Week Low (Oct 10, 2011): 0.15
5-Day Moving Average: 0.498
10-Day Moving Average: 0.477
20-Day Moving Average: 0.417
50-Day Moving Average: 0.39
200-Day Moving Average: 0.61
Avg Vol (3 month): 8,646
Avg Vol (10 day): 35,488
VGTL Stock Chart:
VGTL is straddling the 20- and 50-day trend lines. Accumulation of the stock has been unusually elevated since December when traders started getting their heads around the all-new VGTL.
RSI and STO are both elevated as well with the positive momentum that a reading above 50 indicates. MACD just pushed above zero for the first time since VGTL adopted its new business model, so now the trend points upward as well.
Add OTC listed VGTL to your stock watch list immediately and look for this “virtual casino” to breakout today.
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