Watch NVEC at Open
Posted on Tue 12th Dec, 2006 09:15:44 AM
Shares of N V E Corp (NVEC) are set to open higher with a gap above $40 a share after the company was notified today of a grant of the MRAM Patent. Now, I have no idea what the patent is, nor what it does, but the stock is ready to roll because of it. Technically as well though there is a bullish flag raised anyway as two accumulation days have come over the last week as the stock bounced off its 50 Day Moving Average. I will be watching the stock closely and looking for a good buypoint, which my guess as of now will be right around $40 if you can get it there. Though anything could happen today, if this news is serious enough you could see the stock move as high as $44 today. Keep an eye on N V E Corp, NVEC today!
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