BPAC Update
Good Evening Members,
We hope that everyone got off to a great start in this first full week of trade in 2010.
As for our initial selection to open the year, BioPack Environmental Solution (BPAC), it was a good solid week of trade for the shares with the stock trading in a tight range on decent volume.
From a technical point, the shares may be in the process of carving out a cup-and-handle formation, which for those of you who follow technicals, could be a very powerful sign.
Additionally, the shares trade above their moving averages and if we can see a move above .50, we may just be headed for an assault on the .58 level in the not too distant future.
Nonetheless, we believe that the company is positioned in the right group, that being "Green", and is poised to take advantage of its opportunities.
Last year we started off the year with an enormous winner in CGCA another "Green" play and we feel as though we may very possibly be kicking-off 2010 with something very similar in BPAC!!
Have a great weekend and prepare for next week!
PennyStockExplosion
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