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Muscle Pharm Corp. Message Board

  • investora2z investora2z Mar 13, 2013 12:30 AM Flag

    Breakout?

    Finally the breakout. MSLP has crossed the $6.5 level with volumes. Yesterday, more than 81K share were traded compared with the three month average of 45K. This is after the stock spent time and consolidated around $6.2 levels. However, this breakout has to last for a few more days. Basically, three closes above $6.5 plus a weekly close would indicate strength. The next resistance will be $8.0. Already, the stock has been trading above the 50 and 200 DMA for several sessions now. This is a strong sign for technical strength. The 50 DMA ($5.71) is slightly lower than the 200 DMA of $5.73. A sustained up move will change this situation quickly and it will become even more stronger. The momentum is definitely there. News on the listing front and also the expected guidance on profitability will make the stock remain active. The announcement regarding its presentation at peak to peak institutional conference on 14th to 15th March will also help the stock become more vibrant. In case some new positive guidance is announced or hinted, the momentum will increase. All the increase is in line with the expected rise in anticipation of the listing. Mind you, the stronger the stock, the stronger the listing. Higher price will obviously lead to better terms for future funding. One important element which has been missing in MSLP is the profitability. The sales have risen exponentially, but the EPS is still negative. The cost rationalization efforts of the company may bear fruits and initial indications will be available from the Q4'12 and Q1'13 results. In fact, that will be the main game changer for this company. Any positivity on this front will make the stock gain in price by closing in on the potential valuation gap. Next few weeks will be crucial and one should watch the technical and fundamental parameters / news flows carefully.

 
MSLP
7.000.00(0.00%)Apr 17 3:26 PMEDT

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