We issued a “Suspicious Volume Alert” on June 6th when we saw shares of Aquentium Inc. (OTC: AQNM) being dumped on to the market in the millions. AQNM stock price rose as high as 0.128 Friday before settling down at 0.09 on volume of 3.78 million, a perfect price for a bull rally on an investor alert. After the Company’s statement on Friday that their wholly owned subsidiary, New American Energy Inc., is now entering the lithium ion battery / energy storage industry, there is no question that this virtually revenue-less company with $15 in the bank is off to the races.
This could be an absolute dump so beware, but we think it’s gonna run based on a number of momentum building factors.
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AQNM Stock Chart Since June 25
Market Cap: 4.18M
Avg Vol (3 month): 226,810
Avg Vol (10 day): 825,400
Shares Outstanding: 46.46M
According to their announcement, New American Energy will now be able to provide proven energy storage and management solutions utilizing patented technology. The plan is to be able to provide an intelligent, integrated, and interactive way to store and distribute energy. Make that energy affordable, efficient, and effective and it might be something that could take off and become usable for emergency and uninterrupted power generation. The key is to be able to make it affordable.
Tomas Alvarez, New American Energy’s VP of Global Marketing stated “Whether you are hooked up to the grid and seeking an efficient energy storage solution, producing alternative energy, looking for the most intelligent energy management system, and/or need to find the most affordable backup power supply on the market today, Aquentium and New American Energy can provide a proven integrated solution that is Green, Affordable, Efficient, and Sustainable.” And he said all that in one breathe.
AQNM stock is officially on alert. According to barchart.com, Aquentium is a lock for gains.
TrendSpotter – Buy
Short Term Indicators
7 Day Average Directional Indicator Buy
10 – 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 – 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold
Short Term Indicators Average: 80% Buy
20-Day Average Volume – 539,865
Medium Term Indicators
40 Day Commodity Channel Index 80% Buy
50 Day Moving Average vs Price 80% Buy
20 – 100 Day MACD Oscillator 80% Buy
50 Day Parabolic Time/Price 80% Buy
Medium Term Indicators Average: 100% Buy
50-Day Average Volume – 298,754
Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 – 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% Buy
100-Day Average Volume – 160,003
Overall Average: 96% Buy
Even though there was no mention of New American energy as a subsidiary on the most recent SEC filings for Aqunetium, this is clue #3 that a run is coming.
About AQNM Stock
Aquentium is dedicated to bringing energy saving solutions and technologies to companies and countries throughout the world.
The company claims to be involved in waste-to-energy with Environmental Waste Management Inc., solar energy with Aquentium Solar, Inc., and water treatment, non-chemical “ozone” sanitation equipment, structural insulated building panels (SIPs), affordable housing, re-deployable / emergency housing (see here) and recycling. The business of Aquentium also includes an ongoing effort to acquire or invest in new technologies or businesses.
Note that none of the above listed subsidiaries were active during the period ending March 31, 2012.
Click here to check out the SEC filings for AQNM.
Bottom Line: Think daytrade with this penny stock until such time that the momentum begins to fade off on AQNM. There is a small float, just under 14 million shares, and not many front loaders since the share dump. However, the chances of the penny stock having a longer than one/two day rally are unlikely so adjust your stop loss accordingly during trading sessions if you buy AQNM stock.
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