Cardio Infrared Technologies Inc (PINK: CDOI) This relatively new public stock has been attracting loads of attention under $.10! That doesn’t surprise me as it traded as high as $60k per share merely a year ago… Can you imagine being that guy?

Yesterday, CDOI closed down more than 32%, just below $.04, and has created a trading range between $.03 and $.09. There could be an opportunity to get in cheap here, but be careful because stocks without a long trading history are often hard to judge. Just know that there are many investors stuck at a higher price!

The Chart Shows:

• CDOI closed down over 32% just below 4 cents on the 5day moving average! There is a distinct possibility for a 5/20 day moving average cross so keep a watch on this stock.
• The RSI is currently oversold and could tip up into the buy zone at any point.
• The MACD is a little stagnant, but showing a potential golden cross nonetheless.
• There has been some nice volume over the past few days and as CDOI gets cheaper there could be a great opportunity for a quick profit.

The Bottom Line:

This could be a chance to pick up some cheap shares now that CDOI has settled down for a little while. A moving average cross is possible and with a majority of the volume priced over 50% higher than current levels; it could be a no brainer to take a chance here… You know the market is all about Risk/Reward!

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Good Luck,

Ian Decker

Updated Disclosure: Bought CDOI at $.03

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