Published On: Wed, Jul 31st, 2013

MSGI Technology Solutions Inc. (OYCMKTS:MSGI) Trading Report – 07/30/2013

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Shares of the penny stock, MSGI Technology Solutions Inc. (OYCMKTS:MSGI) had recently been moving on to gain significantly to present bullish trend in prices for the past few days of trading. The penny stock had been touching new peaks with every day of trading and recently on Tuesday, the stock had touched as high as $0.02 per share, which was observed to be an increase of 100% over the previous close. While the stock had been trading at levels less than $0.01 per share for the past 52 weeks, this is the first time that the stock had crossed this level.

The trading volume had also been double the average level of trading in this penny stock, which had further proved to support this surging trend in prices. It is thereby expected that this recent upward trend in prices of this penny stock might continue to move on for the near future to present significant returns to the investors. However it is also of concern that the company had not released any recent news related to the significant business developments made in the recent past. All such upward trend in prices had primarily been attributed to the investor excitement and trading hype in the penny stock.

As could be observed from the price charts, the stock had been trading with high level of volatility throughout the trading sessions in the past 52 weeks. Investors had highly been attracted to this penny stock of MSGI Technology Solutions Inc. (OYCMKTS:MSGI) primarily for the short term returns presented by this stock. It could turn out that this recent surge in prices is just another day of such short term returns which might end in the near future. Investors will have to make cautious decisions in this penny stock to be sure of minimal risk.

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