Small-Cap Technical Analyst Comments on 5 Penny Stocks at the Close ELTP, POTG, BLOAQ, CLKZ, COIN

Sept. 27, 2011 - PRLog -- West Palm Beach, Fla. – Undiscovered Equities.com (http://undiscoveredequities.com) OTC Penny Stocks closing on strong gains ELTP, CBIS, NYXO, RXPC, EMPM as stocks were soaring on a wave of hope that euro zone officials were working to add measures to cut Greece's debt and shore up the region's banks.

Market Internals

OTCBB Total Volume for 383, 345, 343 Million, Advancing Issues  416 Declining Issues 405

Pink Sheets Total volume 3 Billion Shares, Advancing issues 2019 Declining issues 1050

The most active bullish penny stocks at the close of trading includes: ELTP, POTG, BLOAQ, CLKZ, COIN.

1-Elite Pharmaceuticals Inc. (ELTP.OB) last .10 gaining 33.33% on breakout volume of 11.3million shares.

ELTP had a technical breakout above the 50 day moving average as the company announced today the launch of Lodrane D.Lodrane D is an immediate release formulation of brompheniramine maleate and pseudoephedrine HCl, an effective, low-sedating antihistamine combined with a decongestant.

Elite Pharmaceuticals, Inc., a specialty pharmaceutical company, engages in the development, manufacture, and license of orally administered controlled release drug delivery systems and products in the United States.

2-PORTAGE RESOURCES (POTG.PK) last trade .218 advancing 6.86% on overall strong volume of 11.9 million shares at the close of trade.

POTG continues to consolidate right underneath the 50 day moving average on a technical basis. Traders and investors are anticipating a breakout above this key moving average line in the next several trading days.

Portage Resources Inc. engages in the acquisition, exploration, development, and production of precious and base metals in Peru.

3-Blockbuster Inc. (BLOAQ.PK) close .1995 exploding 42.96% on better than average volume of 38.6 million shares exchanging hands on the day.

BLOAQ continues to run off the Netflix hype as news last week of Dish Network announcing a new product, the Blockbuster Movie Pass, which combines the services offered by the two brands.

The company was formerly known as Blockbuster Inc. and changed its name to BB Liquidating Inc. in August 2011. BB Liquidating Inc. was founded in 1982 and is based in Dallas, Texas.

4-CLICKER Inc. (CLKZ.PK) last tick .0029 soaring 163.64% on breakout volume of 10.5 million shares at the close of trade.

CLKZ traders and investors have their eyes glued to their charts wondering if CLKZ will break above the 100 day moving average in the short-term. A weekly close above this critical moving average could be with the Bulls are looking for the start of a rally.

Clicker Inc., together with its subsidiaries, operates as a Web publisher and Internet brand builder primarily in the United States. The company focuses on developing brands and properties, which incorporate social networking and reward properties that leverage content, commerce, and advertising for the global Internet users.

5-CONVERTED ORGANICS (COIN.OB) last .056 jumping 25.56% on robust volume of 3.5 million shares.

COIN exploded above the 50 day moving average in today's trading as the company announced in a press release that it has signed an agreement with South Canyon Waste Systems, LLC (SCWS) to provide financing for the Industrial Wastewater (IWW) project at the South Canyon Landfill in Glenwood Springs, Colorado.

Converted Organics Inc. manufactures all-natural fertilizer and soil amendment products combining disease suppression and nutrition characteristics from food waste and other raw materials.

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