Boston, MA, 11/14/2013 – International Stem Cell Corp (OTCMKTS:ISCO) is a biotechnology company which focuses on therapeutic, bio-medical and cosmeceutical products. The Company’s subsidiary Lifeline Cell Technology LLC develops, manufactures, and commercializes human cells and reagents needed to study on human cells.
International Stem Cell Corp (OTCMKTS:ISCO) surged in yesterday’s trading session by closing above its 20-Day EMA which stands at $0.16. The RSI of the stock stands at 51.74 which suggest that the stock would gain momentum in coming trading session. Value of Aroon Oscillator is at 42.9 which indicate that the stock is in uptrend. It is worth mentioning that the stock has made Double Bottom on daily charts which stands at $0.1450 which is going to act as strong support. The stock would face resistance $0.1745 which would be its 38.2% Fibonacci retracement it’s down move which had started at $0.2450.
Another penny stock that caught our attention was VillageEDOCS Inc. (OTCMKTS:VEDO). VEDO finally retraced back and regained its market cap after falling from the top of $0.0085 to $0.0022 during 29th August’2013 to 1st October’2013. The stock remained in consolidation phase for a long time before giving a breakout and closing above its 20-Day EMA of $0.0027. The stock zoomed in yesterday’s trading session by 133.33% with more than two million shares changing hands. Now on daily charts the stock is still looking up but it has to be mentioned that the stock has rebounded more than 100% from where it was on 1st October’13.
The value RSI stands at 80.51 which mean that the stock is overbought and profit booking can creep in anytime. The stock is expected to find support at its 20-Day EMA & 50-Day EMA which are at $0.0030 and $0.0031. Another technical indicator Aroon Oscillator stands at 35.7 and suggests that the trend is up and some more steam is left before the stock begins its downward journey.
