Thursday 21 Aug 2014

Stocks Poised For A Potential Breakout: MeetMe Inc (NYSEMKT:MEET), ECOtality Inc (NASDAQ:ECTY)

New York, NY – (NISMAGAZINE) –07/26/2013- MeetMe Inc (NYSEMKT:MEET) gained 5.99% at $1.77 after trading 1.25 million shares. The company is the leading social network for meeting new people in the US and the public market leader for social discovery, and makes meeting new people fun through social games and apps, monetized by both advertising and virtual currency. It announced yesterday the release of a new version of its Android application that now provides advertisers with additional native advertising units on the MeetMe app on the two leading mobile platform providers, encompassing 32 percent of MeetMe users. Now, advertisers can place native advertising on additional popular sections of the MeetMe app including in Profile and Messages. On the daily chart the stock has been setting up a bullish ascending triangle pattern and a breakout above the upper horizontal line in the region of $1.90 could lead to fresh upside.

Is MEET a solid investment at these levels? Get valuable insight and must-know updates here.

ECOtality Inc (NASDAQ:ECTY) slumped 8.28% at $1.44 after trading 1.2 million shares. It is a leader in clean, electric transportation technologies, particularly charging systems such as Blink. Beneficial owners of 10% or more in the company, Austin Marxe and David M Greenhouse, have been pressing indirect sales of ECTY stock in the range $1.97 to $1.65. On the daily chart the stock has been on a long correction since May 14 and fell through the 50-day average on June 20. It failed to rise above the average on July 24 and turned back down from there with two sessions of solid losses. However, support could emerge at the present level of $1.45 thereabouts and investors should be on guard for a sudden resumption of the long-term trend, which is decidedly up.

How Should Investors Trade ECTY Now? Check out this exclusive report!

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