RBC Capital recently lowered its target from $8 to $4 following a second-quarter earnings disappointment from Motricity Inc. (NASDAQ: MOTR), a technology stock that enables mobile marketing and advertising solutions. (Read more)

Interestingly enough, MOTR is currently trading at a ridiculous $2.31 per share, which is almost 93% off its yearly high of $31.95. Even with the disappointing quarterly loss of $4.3M, MOTR is way too cheap and setting up for a possible monster of a reversal!

Make sure you SIGN UP for my FREE EMAIL ALERTS! Recent Article Winners: DMD 34%, LBAS 187%, LEAP 30%, LEXG 48%, JAMN 118%, SNOFF 281%

Technical Indicators:

• MOTR has fallen through all previous support lines and looks to finally have hit bottom with the market tank. It has a huge gap to fill!
• The RSI is pointing up towards the bottom line at just over 19!
• The MACD could have a positive cross when the positive line reverses upwards with some more buying volume.
• The ADX is shaping up for a long-term cross.

The Bottom Line

MOTR has had some major problems this year as the price per share continues to fall and with the new quarterly loss; investors are weary of buying in at the moment. Let’s remember that this is so cheap from just last year! This stock could bounce huge and we might want to be a part of that!

Make sure you SIGN UP for my FREE EMAIL ALERTS! Recent Article Winners: DMD 34%, LBAS 187%, LEAP 30%, LEXG 48%, JAMN 118%, SNOFF 281%

Good Luck,

Ian Decker

Disclosure: No Positions

About InvestorSoup

InvestorSoup.com is committed to provide intelligent commentary and solid analysis of small cap stocks, micro-cap stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily on the underserved OTC stocks market, or “penny stock” market, which has traditionally been shunned by Wall Street. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.

Disclaimer

DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Neither InvestorSoup.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.