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NTIP: This Stock Is Firing On All Cylinders

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Daily Technical Penny Stock to Watch

Featured on March 14, 2017

Penny Stock of the Day Metrics

(Updated Daily)

Penny Stock of the day 30 day Average Return: 22.17%

% Of Companies that have:

• Risen In Value Next Trading Day: 54.5%
• Traded Higher Than Pick Price After 7 Days:86.4%
• Traded Higher Than Pick Price After 30 Days:90.9%

Network-1 Technologies Inc.

(NYSE MKT AMEX : NTIP)

  

Commentary

Sometimes a Company is simply growing so quickly that the market doesn't fully price their shares adequately and as a result, a price mismatch from fundamentals occurs.  While the penny stock of the day trade idea is a technical only review by design, we believe Network-1 Technologies Inc. (NYSE MKT:NTIP) should be also reviewed from a fundamental perspective to fully appreciate this growth story.

NTIP piqued our attention as the stock broke above its last resistance level ($4.10) on strong volume in today's trade.  This stock is firing on all cylinders fundamentally and now shares are at all-time levels. While an all-time high can sometimes mean overvaluation, in this case we believe shares are simply adjusting to a massive revenue growth surge.  NTIP had revenues of over $30 million in their last reported quarter and recently announced a dividend yield as a result of the massive surge in cash on hand yet the Company only has a market cap of around $100 million.  These and other fundamental metrics indicate undervaluation in our opinion, and with today's technical breakout shares are in a blue-sky trading scenario with no past resistance to examine.  With that said, we would watch levels such as $4.50 and $5.00 as key psychological areas on the way up as areas of profit taking.  As for support, we would watch the $4.10 and $3.40 levels on any downside weakness.

Our trade strategy would be to enter the stock on strength.  Upon a successful entry, we would place a price target at $5.00 and a stop loss at $3.84.  Based on today's entry level, our upside potential looks to be 19% while our downside risk is limited to 8.6%.

The stock price direction for the day for NTIP is UP. This stock is currently not trending in any direction or the stock may be fluctuating over the last 5 to 7 days, but after all the fluctuations, finds itself in roughly the same price point as it did when BullishInvestor.com started analyzing it 7 days earlier. As a result, the trend for this stock is too weak to properly analyze at this time. That being said, short spurts of share price increases or decreases can still occur even though a trend has not been properly analyzed which is why watching the BullishInvestor.com daily ratings may be able to pinpoint quick entry and exit levels in this stock. Based on BullishInvestor.com’s proprietary algorithms, NTIP is currently signalling BULLISH.

The most recent Candle Stick pattern for NTIP is the Doji. Overall the technical indicators are signaling a bullish reading for NTIP. As such, it may be a wise decision to consider NTIP at these price levels. The last BEARISH rating was registered on Mar 09, 2017 when NTIP was trading at $ 4.00.

This stock now finds itself with a new BULLISH rating and is worthy of a new look from a technical analysis perspective.

Data as of: Mar 13, 2017
Feature Date March 14, 2017
BullishInvestor Rating Bullish
Symbol NTIP
Exchange AMX (U.S.A)
Price $4.2
$ / % Change+$0.20 / +5.00%
Previous Close $4
Day Range $3.95 – $4.3
Volume 721,922
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