SPYR closes up 10% hitting new 52 week highs

Published: Fri, 02/03/17


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Good evening all,

SPYR traded perfectly today, gaining 10% on the day closing right at new 52 week highs as the breakout takes hold.

Because its a "higher priced" ticker, we might not see the big triple digit gains, but a chart like this deserved your attention.

And because its higher priced with a lot of liquidity, the level 2 was tight so entering and exiting was no problem at all, which means the risk v reward was in our favor.

Congrats to those who took this trade. Because it closed so strong, we could see some follow through on Monday, but remember to take gains along the way.

Have a great weekend.

SmallCapMomo.com


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Hello fellow investors / traders,

Get SPYR on your screen now. 

The chart and technical's are extremely hot. SPYR broke out to new 52 week highs yesterday, and today we could see a parabolic extension of this move.

Its so hot that BarChart.com gives SPYR a 100% BUY RATING, the highest rating available.

As you can see in the chart below, SPYR has been uptrending for several months and is now starting to breakout, in a big way.

In addition, the volume and liquidity is excellent - a major plus for active traders.




SPYR started its breakout move yesterday gaining 20% after the Company updated its shareholders on its plans and objectives for 2017.

In the press release, the Company updated shareholders on its flagship real-time cross platform MMO game, Pocket Starships, as well as announced plans on declaring a dividend to its shareholders.

This is big news indeed. How many growth companies the size of SPYR do you know that are looking to pay dividends?

Further, the Company stated they will continue to seek new publishing agreements for new game titles, and search out Hollywood Intellectual Property (IP) to enhance the revenue and exposure of Pocket Starships and other titles.

You can read the entire press release at http://finance.yahoo.com/news/spyr-updates-shareholders-plans-objectives-143000335.html


SPYR is a holding company that through its wholly owned subsidiary SPYR APPS, LLC, is engaged in mobile application and game publishing and development. 

SPYR also owns and operates an "American Diner" theme restaurant located in the Philadelphia International Airport in Philadelphia, Pennsylvania called "Eat at Joe's®" through its other wholly-owned subsidiary, E.A.J.: PHL Airport Inc. 

The Company is currently exploring opportunities for additional acquisitions in these and other verticals, including mobile application and game development, in order to expand its holdings, to drive and increase revenue and to generate profits and build value for shareholders.

You can learn all about SPYR on their website http://www.spyr.com/


Our Conclusion...

We think SPYR could be a big breakout play today - one that could go parabolic. If you want to be part of the action, you need to be watching SPYR at the opening bell.

In addition, we see SPYR as a longer term play, so we urge members to keep watching this ticker over the coming weeks and look for short term dips as they could be excellent opportunities to enter.

SPYR has a hot chart, and very good volume and liquidity with a tight level 2.

We think SPYR could be an excellent trader over the coming days and weeks.



To your success,
SmallCapMomo.com
 
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Remember our key trading rules when trading. Capital preservation is key. Keep your stops tight, and if things don't go your way, cut your losses and look for another opportunity.
 

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