News Column

OTC Daily Trading News: Evoq Properties, Inc. MedBox, Inc. LabStyle Innovations Corp, MyEcheck, Inc. Elite Pharmaceuticals, Inc.

August 19, 2014

LONDON, August 19, 2014 /PRNewswire/ --

Evoq Properties (OTC: EVOQ) was the big leader in terms of volume and price appreciation to close trading on Monday with shares climbing 48% based on a proposed sale of the company.  The venture which is led by Atlas Capital looks like it could receive a higher price judging from the trading session and much of the news released.

MedBox (OTC: MDBX) shares closed higher once more with the medical marijuana stock closing up by 6% after hitting a recent low of $10.35.  It could be a case of this stock being oversold recently and with resistance not until the $14.00 level it could be facing a solid upside run during the course of the next week's trading.  The volume has also started to increase which traders will be sure to have an eye on as this company has a 52 week high of $93.50 per share. For all the latest news and commentary on shares of Medbox please click here.

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Labstyle Innovations (OTC: DRIO) closed lower by an astonishing 71% going into Tuesdays session in the OTC markets and could be a candidate for a bounce higher.  After opening at $0.56 shares in LabStyle ended up the day at $0.10 and even if they just traded back to $0.15 today it would represent a move of 50%.  Labstyle Innovations traded more than 5 million shares in an active day for the stock.

MyEcheck (OTC: MYEC) continued its recent uptrend with a move of more than 60% over the last trading week.  In heavily traded session the shares closed at $0.0164 which represented a move higher of 41% on the trading day.  

Rounding up our Daily OTC stock focus was shares in Elite Pharmaceuticals (OTC: ELTP) which is another stock that could be in for a potential move higher today after closing lower by 8% in Mondays session.  Trading has been volatile during August for Elite Pharma; however downside trading has normally been followed up with a sharp move higher off support levels. The stock closed at $0.31 ahead of the opening bell today.

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Source: PR Newswire Europe

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