NXHD on breakout watch right now

Published: Fri, 04/04/14

 

Nexia Holdings, Inc (NXHD)
 
 
Morning fellow investors / traders,
 
I'm going to make this brief because the longer you take to read this email, the more gains you might be missing out on.
 
Those who have followed me for a while know how much I love small market cap companies.
 
So when I see a company with a market cap of only $1.2m AND a bullish chart, I cannot ignore it.
 
Nexia Holdings Inc (NXHD) came to my attention yesterday on a "volume alert", which often tells me something good is going to happen.
 
After looking at the chart, it became rather obvious.
 
NXHD is looking extremely bullish right now.
 
And this news released this morning should only help volume come in to NXHD.
 
I think NXHD has every chance of hitting recent highs of $0.021. At yesterday's closing price, that's a 24% gain.
 
Of course I am no fortune teller, but yesterday NXHD had a small volume surge, and the bids looked strong. This bodes well for today.
 
NXHD has pulled back and consolidated well after a recent run to new 52 week highs, giving traders an opportunity to enter the trade at lower levels with a strong underlying bid, in anticipation of another push higher. 
 
Here is some key information about NXHD for you to digest...
 
Headquartered in Salt Lake City, Utah, NXHD is a diversified holdings company with operations in entertainment, health & beauty, and real estate.
 
Through its subsidiaries, NXHD operates lifestyle salons that offer hair care and other salon services,such as makeup, skin care, and nail care.
 
NXHD owns a majority interest in Green Endeavors, Inc., www.green-endeavors.com, which operates Landis Salons, Inc., Landis Salons II, Inc. and the Aveda(TM) Experience Center at City Creek, www.landissalon.com and www.avedaatcitycreek.com, hair and skin care built around the world-classAVEDA(TM) product line.
 
NXHD through Redline Entertainment, Inc. has acquired the rights to several independent films.

For more info on NXHD, visit their website at http://www.nexiaholdings.com/
 
 
Of course the most important aspect of any trade is protecting yourself from the potential for large losses. 
 
For this reason, I must warn you (as I always do) to avoid chasing any large gap ups (say 5% or more).
 
I'm not expecting one, but if there is a gap up, assess whether it could continue to go higher, or if its better to wait for it to pull back and catch the bounce.
 
All the best.
 
 
ShiznitStocks.com
 

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