Yesterday, Alternative Energy Partners Inc. (OTC:AEGY) stock closed the market at the 50-day moving average after another subsequent jump of the share price. There are new promotions for AEGY for the upcoming session that could draw more attention today. 
The last session closed at $0.02 with an 8.33% increase from the previous close and around 477,000 traded shares for the day. Technically, that cross with the 50-day moving average could be the turning point for AEGY to break that resistance and climb to $0.03. Apart from the technical side, another factor that could initiate this is the new promotion for AEGY.
Yesterday evening, two promotional e-mails covering AEGY came into our newsletters database. One has been paid with $3,000, the other one was a free alert and just featured the stock as one of that promoter’s well performing stocks. The compensation is very insignificant, yet the low price of the stock could still allow a positive result from the promotion.
Latest news from Alternative Energy Partners was related to a change of the company’s President and CEO at the end pf September. Previously, in July AEGY announced an Acquisition Agreement to acquire two commercial and residential HVAC companies based in the Central Florida area. That acquisition was supposed to be conducted over AEGY wholly-owned subsidiary lan Energy, Inc. and to be paid with the issuance of 100,000 shares of AEGY Series A Convertible Preferred Stock.
Three is still no news on the matter although the acquisition was supposed to be closed by August 31, 2011. AEGY has also not yet started any actual operations in the alternative energy sector and it had only around $10,000 in tangible assets and ten times more current liabilities at the end of this April.
