Tech Stocks Hold Leading Role After Recent Market Turn Around
CORAL GABLES, FL / ACCESSWIRE / September 16, 2015 / The Fed minutes aren’t the only thing being talked about in the market. Tech stocks have helped to lead a day of strong buying on Wall Street during Tuesday’s session. This marked the last full day of trading prior to what will be an intently watched meeting of the Federal Reserve’s interest-rate-setting Open Market Committee. Even the tech-focused Nasdaq composite index rose by 1.14%, to 4,860.52 up another 54.76.
It wasn’t just the larger cap stocks realizing this rebirth in bullish trading. Many penny stocks have felt the heft of a reversal within the tech space. Stocks like Entertainment Arts Research Inc. (PINKSHEETS:EARI), BioElectronics Corporation (PINKSHEETS:BIEL), and TapImmune, Inc. (OTCQB:TPIV) have all seen reactions in the market as of recent trading periods.
BioElectronics Corporation published stronger second quarter results at the end of August. Among the highlights, BIEL’s Board chairman and Duke University Professor of Marketing, Richard Staelin, noted that the second quarter of 2015 showed a better than 140% increase in sales over the same period last year. He gave accolades to these increases to the very successful “Try and Tell” program where the Company has sold more than 44,000 ActiPatch 7 Day devices to chronic pain customers.
According to the Company, this program was designed to allow consumers to try the product out for under $5 before buying the more expensive, commercially available 720-hour device. Recently shares have settled out around the 5-day moving average. Share prices for BIEL have gone as high as $0.0016 within the last 3 and a half months, which is roughly 167% higher than Tuesday’s closing price.
Entertainment Arts Research Inc. has seen an increase in daily volume since mid-July. The stock has traded as high as $0.165 during the current period. In a recent interview*, the company CEO had stated that, “The company’s educational research and instructional design capability enhances the effectiveness of multimedia production and educational services ahead of competitors, providing products and services in educational languages to meet the exact needs of American and global educational markets.”
To this end the market for e-learning and “smart education” is expected to grow through 2020. Research from MarketsAndMarkets** shows that the anticipated total smart education and learning market could grow from $105.23 billion in 2015 to $446.85 billion by 2020 with a CAGR of just over 24% during that period. Furthermore the Entertainment Software Association estimates*** that interactive entertainment software companies could generate upwards of $21.5 billion in U.S. sales.
Taplmmune, Inc is a company that specializes in manufacturing new technologies to treat cancer and various diseases. The company’s developing technology can be used for either “stand-alone” medicines or combined with other treatment methods. On Tuesday morning, the company released news stating that their vaccine will be examined thanks to a $13.3 Million U.S. Department of Defense grant for clinical trials in breast cancer. TPIV opened at $0.529 and rose 28.54% to a high of $0.68. In addition, the stock was trading with a volume of 2,036,474 at 3:00 PM. Over the last month, TPIV has risen approximately 120.99% from $0.3077 to $0.68.
Cited Sources:
**http://www.marketsandmarkets.com/Market-Reports/smart-digital-education-market-571.html
***http://www.theesa.com/wp-content/uploads/2015/03/ESA-2014-Annual-Report.pdf
ABOUT US:
www.DailyStockReporter.com monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals www.DailyStockReporter.com is often in the know of several large investor awareness campaigns being deployed.
Timing is everything when trading Penny Stocks. You can subscribe to the www.DailyStockReporter.com newsletter and start receiving daily alerts. To subscribe by phone and receive messages directly to a mobile phone, text the phrase “StockAlerts” to 63566.
Legal Disclaimer
Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements.
EGM FIRM INC which owns www.DailyStockReporter.com, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release.
EGM FIRM INC, which owns www.DailyStockReporter.com, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice.
EGM FIRM INC which owns www.DailyStockReporter.com, may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two.
CONTACT:
Company: DailyStockReporter.com
Contact Email: news@dailystockreporter.com
SOURCE: DailyStockReporter.com
ReleaseID: 432007
Copyright © 1999-2013 SproutNews.com
