Short Term Stock Alert 3/5/12
Volitility: High
Risk: Medium
Spectrum Acquisition Holdings, Inc (SPAH) is a growth phase company with interests in the mining sector. With Gold prices over $1,700 an ounce and analysts calling for a break of $2,000 an ounce in short term future this is a very attractive segment of the market. Not only does Spectrum Holdings have A Mining Claim of 400 Acres on one of the richest river systems in america but they also own rights to 2 patents with a 3rd approval pending in Biomining technology.
SPAH is in a perfect technical position as the price has reached a key long term support area .016 and is holding and lifting from this important level. Volitilty has also gotten very tight making it a great opportunity to have a huge run ahead from these levels. We watched as a nice Gap Filled on Friday and put this in a great position, Recently updating share structure below in report, Float less than 100m, and Coming off of an obvious bottom this is a great entry for some future profits.
Please take the time to view the video chart and report below
The Stock Legends Team
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