SavWatt USA, Inc (OTCBB: SAVW) has been tearing away from its recently made low of the year, and now, just a few days later, is trading 300% higher! Here is a potential reversal that you might not want to miss as volume is just pouring in, averaging more than 87 million shares traded in the last 5 days.

The news coming out on SAVW is obviously enough to get investors excited enough to make the 20-day moving average start turning. The company, who recently cut the ribbon for its new headquarters in Baltimore, projects to make $10 million in revenue the first 12 months of operations!

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Technical Indicators:

• SAVW has been continuously moving with the upper bollie over the past few days and Friday it closed up another 12%. It’s having a little trouble with resistance at $.0038.
• The RSI is a little overbought at this point at a smidge above 79.
• The MACD is very strong and the histogram bars continue to increase in size.
• The ADX is also pretty strong with both positive and negative lines showing a strong positive trend.

The Bottom Line

SAVW is looking awesome right now and the forward looking news coming out does seem inspired. Watch for a possible pullback to its $.0025 support line, conveniently located just above the 50 day moving average. This stock could have a breakout at $.0038 and keep running, but it’s more likely to have a pullback and reset its indicators.

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Good Luck,

Ian Decker

Disclosure: No Position

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