4 Companies worth Considering During Market Consolidation

CORAL GABLES, FL / ACCESSWIRE / May 17, 2016 / TechStockInsider.com issues the following report: U.S. consumer prices recorded their largest jump in over three years in April with increasing prices for things like gas and rent pointing to inflation build-up. This could give the Federal Reserve the right tools to raise rates later this year.

Yet despite this news, the markets have seen a slight pullback with the Dow sliding roughly 0.5% in early morning trading. This could be the time that investors are beginning to look for opportunity in contraction from previous highs and take advantage of any potential discounts in the market.

We’ve found some potential with 4 stocks, which have seen periods of contraction followed by larger rallies in the market that could be showing a similar response to market timing.

MGT Capital Investments (NYSE: MGT) has seen several period of intra-day consolidation. In fact after posting morning highs on Tuesday, the stock ended up pulling back significantly from those high. In comparison to today, shares of MGT have reacted well and have now reached new highs for the year at $3.82. The stock traded as low as $1.88 on Monday (5/16).

Overall, MGT has managed a run over the last week from an opening price of $0.64 on Monday (5/9) to highs of $3.82 a little over one week later. This 497% rally saw a very brief periods of consolidation on a intra-day basis but similar to current market conditions, these short periods of drops in price have given rise to a much larger move for the stock. Much of the attention on this company has been sparked by last week’s announcement that cyber security pioneer, John McAfee, would become the Company’s proposed Executive Chairman and Chief Executive Officer.

SOURCE: TechStockInsider.com

LifeClips Inc. (OTC: LCLP) made new 52-week highs this week after hitting $0.75 during Monday’s (5/16) trading session. The stock has seen a climb in price from trading levels around $0.27. TechStockInsider.com has been following the company since 5/4/2016 where they alerted (LCLP) at $0.27. The stock has now seen a an increase of 178% and over the course of this climb, shares have also seen brief periods of consolidation which have ended up offering potential opportunity throughout the course of this initial run.

CEO Bob Gruder released a shareholder update during the morning hours on Tuesday. “I am excited to say that Life Clips has been able to raise all necessary capital to close on the Batteryfly Energy acquisition through private transactions from existing shareholders. I anticipate closing on the acquisition in the very near future. It is my goal to complete this acquisition and bring both the SoloVu™4k and Mobeego products to market while protecting shareholder value. I believe that by raising capital internally through existing shareholders with similar long-term goals as myself, does just that,” Gruder stated.

Last week the Company announced that they have placed an initial order for its new 4k Action Camera the SoluVu™ to fulfill retail and distribution orders, which increased positive sentiment in the market. And on Monday, LCLP confirmed that it has obtained the necessary funding to proceed with the planned acquisition of Batteryfly.

Progressive Care, Inc. (OTC: RXMD) reported on Monday that the company brought in close to $4 million in net pharmacy revenues, which is a 27% increase over the same quarter in 2015. They also posted a profitable first quarter. Share of Progressive care have seen a pull-back from previous highs this year of just over 5 cents yet despite this fact, a 1 month chart shows that the share price has increased by roughly 19% since May 2 lows.

In a statement made in Monday’s press, CEO S. Parikh Mars stated, “This is a momentous occasion for the Company! One of our biggest goals in 2016 was to achieve consolidated profitability and we are well on our way with this phenomenal quarter. We believe that this level of profitability will continue for the remainder of the year and we look forward to reporting positive earnings to our shareholders.”

Net Element, Inc. (NASDAQ: NETE) filed an 8-K late Monday afternoon. In it the filing shows that the company entered into an exchange agreement with Crede CG III, Ltd. In reaction to this, NETE opened strong on Tuesday and hit early highs of $0.49 and has now consolidated slightly, trading around $0.40. Since Monday morning, the stock has managed to increase in price by as much as 60%.

In a previous announcement made earlier this month, announced that its Unified Payments launched a mobile point of sale application that allows for mobile transactions in a card present or card not present environment. “Our clients are looking for more ways to interact with their customers in a omni-channel environment,” commented Vlad Sadovskiy, Unified Payments President of Merchant Services. “Unified Payments Mobile POS gives them that access and the tools they need in an effective mobile package.”

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Disclosure: The information, opinions and analysis contained in this report are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We do not accept any responsibility or liability for any losses, damages or costs arising from an investor’s or other person’s reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities, nor a recommendation of any security. Past gains are not representative of future gains. MIDAM VENTURES, LLC owner and operator of TechStockInsider.com was paid an advertising fee of $75,000 cash & ZERO Restricted Common shares by Life Clips, Inc. (LCLP) for visual sponsorship of TechStockInsider.com and for visual placement Life Clips, Inc. (LCLP) within written materials. FOR A DURATION OF 30 DAYS Beginning 5/4/2016. & ending 6/3/2016. MIDAM VENTURES, LLC owner and operator of TechStockInsider.com was paid an advertising fee of $75,000 cash & 21,125,000 Restricted Common shares by Progressive Care, Inc. (RXMD) for market awareness FOR A DURATION OF time ending 10/1/2016 (which may be renewed at the end of the term).Tech Stock Insider has not been compensated nor does it expect to receive any compensation for distribution of its opinions and publicly available information regarding, NETE, or MGT in this investment opinion article at this time. The opinions contained herein contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. When used herein, the words “anticipate,” “intend,” “estimate,” “believe,” “expect,” “plans,” “should,” “potential,” “forecast,” and variations of such words and similar expressions are intended to identify forward-looking statements. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. A company’s actual results could differ materially from those described in any forward-looking statements contained herein. Tech Stock Insider is not a licensed broker, broker dealer, market maker, investment advisor, analyst or underwriter. We recommend that you use the information found herein as an initial starting point for conducting your own research in order to determine your own personal opinion of the companies discussed herein before deciding whether or not to invest. You should seek such investment, tax, financial, accounting or legal advice appropriate for your particular circumstances. Information about many publicly traded companies and other investor resources can be found at www.sec.gov. Investing in securities is speculative and carries risk. Please visit http://techstockinsider.com/content/terms-and-conditions-use/ website for a more detailed discussion of risks and disclosures.

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