{"id":3331,"date":"2013-12-04T12:14:50","date_gmt":"2013-12-04T12:14:50","guid":{"rendered":"\/?p=3331"},"modified":"2013-12-04T12:16:31","modified_gmt":"2013-12-04T12:16:31","slug":"sigma-labs-inc-otcmktssglb-still-a-roller-coaster-ride","status":"publish","type":"post","link":"\/articles\/sigma-labs-inc-otcmktssglb-still-a-roller-coaster-ride\/","title":{"rendered":"Sigma Labs, Inc. (OTCMKTS:SGLB) Still a Roller Coaster Ride"},"content":{"rendered":"

\"78SGLB_chart.png\"Yesterday’s session pressed the share price of Sigma Labs, Inc. (OTCMKTS:SGLB<\/a>) a tad lower, bringing it to a close of $0.22. Volume was even heavier, with 11.5 million shares changing hands. Is SGLB<\/a> now poised to bounce? <\/p>\n

The ticker was immediately pressed down after the opening bell but once it bottomed near $0.21, volume brought it back up. SGLB<\/a> undulated further during the session and after another afternoon dip finally managed to recover to $0.223 per share, nearly 6% down.<\/p>\n

The company is so far following the pattern it charted starting mid-November, when descending from its previous 52-week high at $0.235. After dipping over two sessions, SGLB<\/a> revved back up and logged new yearly highs. The last two sessions more or less mirrored the last drop, with decreasing percentile movement. It remains to be seen whether SGLB<\/a> will pull itself up by its own bootstraps and push to new highs, but chart lovers will probably find a lot to like about the current setup and volume is still heavy enough for the ticker to manage a bounce.<\/p>\n

Traders are looking forward to a potential Friday announcement of the America Makes research project winners who will be splitting up a total of $9 million in grant money. SGLB<\/a> has previously been part of an award winning roster of researchers and traders are keeping their eyes open for more good news.<\/p>\n

Still, caution is advised as the long-term success of SGLB<\/a> is not a given at that point. The company is making strides to becoming an authority when it comes to in-process QA but its PrintRite system has not yet been adopted by a major company. SGLB<\/a> expects to commercialize its products in fiscal 2014 but it remains to be seen whether traders’ dreams of General Electric picking up Sigma will come to fruition.<\/p>\n

\"6MDDD_chart.png\"Another highlight of yesterday’s session was 3D printing company Makism 3D Corp. (OTCBB:MDDD<\/a>) who thundered nearly 42% downhill as the pump targeting the stock lost its footing. The initial day of pumping managed to lift MDDD<\/a> just 2% and generate sufficient volume for yesterday’s sell-off that squashed the price.<\/p>\n","protected":false},"excerpt":{"rendered":"

Yesterday’s session pressed the share price of Sigma Labs, Inc. (OTCMKTS:SGLB) a tad lower, bringing it to a close of $0.22. Volume was even heavier, with 11.5 million shares changing hands. Is SGLB now...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1120,814],"class_list":["post-3331","post","type-post","status-publish","format-standard","hentry","category-news","tag-mddd","tag-sglb"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=3331"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3331\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=3331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=3331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=3331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}