MNGA is in full force today

Published: Wed, 03/14/18


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Traders and Investors,

The markets continue to trade volatile which is great news for traders, as opportunities are being presented almost every day.

Today we've lined up a hot looking NASDAQ trade idea. One that we think could give us an epic bounce in the coming days.

MagneGas Corp (MNGA) is the ticker.

MNGA closed yesterday at just under $0.94. It was trading at $5 just a couple months ago, and incredibly, the 52 week high is $74.55. That's some kind of a pull back! 

On 1st March, just a couple weeks ago, MNGA spiked from $1 to over $1.70 in one day on news that its European joint venture with Infinite Fuels, GmbH has been awarded a EUR6.0 million ($7.2 million USD) grant from the Executive Agency for Small and Medium-sized Enterprises (EASME), a department within the European Commission.  

Now its trading even lower, and right near its 52 week lows. We think another bounce is on the cards, both short and longer term.

Especially with the impressive news coming from the Company in recent times. 

Just last week, the Company announced it will immediately increase the sales force at Green Arc Supply, the Texas-based operations the Company acquired on February 20, 2018. As part of the local growth strategy, MagneGas has authorized additional hires at all three Green Arc locations, with the goal to immediately increase the local sales force by approximately 60%. The additional investment in staffing is expected to lead to approximately a 50% increase in revenues for Green Arc in 2018.

And in February, MNGA announced it had accelerated its pace of new customer acquisition, adding over 100 new clients in the past 90 days. As a result, the Company is on track to report record sales for the fourth quarter of 2017 with a strong start to 2018. In addition, the Company also announced it has doubled the work force of its San Diego operations.

You can read the all the latest press releases at https://finance.yahoo.com/quote/MNGA/press-releases?p=MNGA

MagneGas® Corporation (MNGA) owns a patented process that converts various renewables and liquid wastes into MagneGas fuels. These fuels can be used as an alternative to natural gas or for metal cutting. The Company's testing has shown that its metal cutting fuel "MagneGas2®" is faster, cleaner and more productive than other alternatives on the market. It is also cost effective and safe to use with little changeover costs. The Company currently sells MagneGas2® into the metal working market as a replacement to acetylene.

The Company also sells equipment for the sterilization of bio-contaminated liquid waste for various industrial and agricultural markets. In addition, the Company is developing a variety of ancillary uses for MagneGas® fuels utilizing its high flame temperature for co-combustion of hydrocarbon fuels and other advanced applications. For more information on MagneGas®, please visit the Company's website at http://www.MagneGas.com.

The Company distributes MagneGas2® through Independent Distributors in the U.S. and through its wholly owned distributors, ESSI, Green Arc Supply, and Complete Welding of San Diego. ESSI has three locations in Florida, Green Arc has two locations in Texas and one location in Louisiana, and Complete Welding has one location in southern California. For more information on ESSI, please visit the company's website at http://www.weldingsupplytampa.com.


This NASDAQ trade idea looks to have certain bounce potential. Having come down from lofty highs in recent months, a momentum play is on the cards, and possible short squeeze.

Just a couple weeks ago MNGA skyrocketed 70% in one day, which shows it has the ability to make big moves.

And with all the positive press being released by the Company, its only a matter of time for the Street takes notice and the short sellers give up. You want to be there when the time comes.

Get MNGA on your screen now, do your research, and we'll see you at the opening bell.

Until then, take care...


All the best.

SmallCapMomo.com
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