STCC Maintains support and Early Bull Trend Starting to Show
| Members, last week I introduced you to a brand new feature for our network that I’m going to be following. For a quick refresh, Sterling Consolidated Corp (OTCQB:STCC) has been a leading supplier of hydraulic and pneumatic seals to the automotive and industrial marketplace for more than 40 years. Through a combination of leveraging its logistical expertise and sophisticated, experienced management, the company intends to be an active and strategic consolidator of small and mid-sized businesses within the highly-fragmented, multi-billion dollar seal industry.For Sterling, last week started a little slower than we had expected but once the company released a shareholder update, momentum seemed to pick up a bit and volume increased progressively as the week rolled on. Now that the spread has tightened up I think STCC may be in position to bounce strong.
Since the beginning, I’ve said that if Sterling can maintain support between .14-.15, there could be huge upside potential and I feel that’s exactly what we saw all last week. Going into the next 5 days I’m going to pay attention to several key indicators that I think have already begun to suggest that STCC could be a solid bounce candidate:
 RSI is sitting in very oversold territory right now and look to me like it could be positioned for big bounce potentialSTCC has maintained its support for the last few weeks around the 0.14 level. If you look back to Nov 25, you will see that with a little bit of upward momentum, Sterling broke the upper resistance. At the current PPS, that’s 40% north of the current support so my opinion is that if STCC hits stride, it could run back quickly to those previous highs. Accumulation/Distribution is near absolut zero. In my opinion, this is yet another bottom bounce indicator and since STCC has held its lower support, it further reinforces to me that right now we could be seeing this at prime breakout levels. Members, it may only be a matter of time until Sterling starts to run and I continue to stand behind this as a feature with longer term potential. We’ve seen it many times in the past and I can’t tell you the countless number of messages I’ve received throughout the year asking for more profiled companies which meet that criteria. Moreover, STCC has already begun to grab the attention from other financial networks. After searching through the web, I came across a FRESH article on SeekingAlpha, which if you aren’t familiar, has hundreds of thousands of subscribers searching for the next breakout company. Sterling was featured in an in-depth article geared toward the next big player in the OTC. Based on consistent revenues and the overal potential to penetrate its fragmented market via the consolidation/roll-up strategy, the author was in favor of Sterling being a “growth company” in the OTC…I tend to agree with the author on that as well. Pull-Up STCC and start doing your DD. Last week saw a progressive increase in bullish momentum and at the current levels, I feel the chart may suggest that Sterling could be poised with big breakout potential! |
Don’t ever invest based on what I say. Do your own research and consult with a licensed profession before investing. Any statements and opinions given are amateur and biased and should be treated as such. Past performance does not indicate future performance in any way. The performance of all alerts uncompensated and compensated in no way predict the performance of current and/or upcoming alerts. Check the latest SEC filings before investing, and research other information on the risks of investing in microcap companies at http://www.sec.gov. For important information concerning this email, including applicable disclaimers, compensation consideration, and additional information please make sure to read the information contained within. Note that an affiliate of Investor News Source owns 4590 shares of Sterling Consolidated purchased in the open market and at fair market price. These may be sold at any time which may negatively effect price. 2490 of these have been sold in the open market at fair market price. To view our full disclaimer, click HERE.
Investor News Source 
Trackbacks / Pingbacks