Itonis Inc (ITNS) Posts Near-Record Volume with Incredible Upward Price Movement in Response to Company Status Upgrade and Patent Details
Itonis, Inc (ITNS) is heating up on news of the company's upgrade to "Fully Reporting" status, and additional patent news for their first provisional patent related to their electro-magnetic technologies. In fact, yesterday saw ITNS beginning to stir, with an incredible surge in volume creating a 14.6MM share day for the company!
In addition to the sudden increase in volume, ITNS saw some very promising price movement throughout the day, including a run to right around the $0.05 mark before closing at $0.0351, a modest 2.63% climb. Yesterday's heavier than usual accumulation, however, is why we have ITNS at the top of our watchlist, especially if the high volume holds true!
We're not the only ones looking closer at ITNS either... take a look at ITNS on the Universal Watchlist on Bloomberg.com , and a number of blogs were buzzing about ITNS after yesterday's close, with many of them pointing out the fact that ITNS rose over 40% from Friday last week! StockTA typically identifies trend patterns at their very beginnings, and right now has 4 Bullish pattern indicators to 1 Bearish on ITNS!
Mark Cheung, ITNS President and CEO, stated in yesterday's address that the Company has been making progress with becoming fully reporting under SEC requirements which they anticipate to be completed sometime in June. Cheung also touched on details of the Company’s first provisional patent applications, Paramount Discoveries’ electro-magnetic frequency technologies, and that the first application for the Carbon technology was filed with the U.S. Patent & Trademark Office under Application Number 61/638,385. An upgrade to "Fully Reporting" status for ITNS would bring the company enormous attention and could be the catalyst for record-breaking upward movement!
In the CEO's letter to shareholders, it almost seems as if he is hinting at announcing another NEW subsidiary in the near future. He tells us to watch closely as well, saying that "June should be a month to watch." If you have any interest in ITNS at all, that statement alone should have you watching for favorable points of entry immediately!
The bottom line is that ITNS, at its currently bargain-basement low price point, is already a play worth taking a look at. But add in the active chart and current indicators, plus the fact that company CEO Mark Cheung has repeatedly suggested that June is the month to keep your eye on ITNS, and I think you'll agree that ITNS could be one of the best plays in the marketplace right now!
