|Breakout Alert: MCLN|
|By Staff and Wire Reports|
|Thursday, 10 December 2009 08:22|
On Wednesday, December 9, there was some terrific price action on our MedClean Technologies (OTC:MCLN) pick from last week. Here is what the charts are telling us.
The stock rose from $.025 to a day high of $.043 before finally closing the session up 44% for the day at $.0395.
The stock is in an uptrend and very close to breaking out, which is a very real possibility considering yesterday's Speculative Buy rating issued by Goldman Small Caps Research.
Like we've been telling you, they feel the stock is greatly undervalued and have assigned it a near term $0.14 price target and an early 2010 price target of $.40.
After speaking to and interviewing the management team we think this is a solid company with a much needed product in a sector that is starting to get a great deal of attention in the media and on Wall Street.
Here are two chart break downs for the company from different technical analysts. While the stock shows tremendous upside, we urge you to please do your own due diligence before investing in any stock.