Beacon Enterprise Solutions Group Inc (OTC:BEAC) has been finishing on green ground since the beginning of the month. The rally has brought BEAC near one of its resistances established at $0.3.
This rally, however, has been happening on a lower than the daily average volume. The trading activity remained unchained even after BEAC announced in a press release that it expected to report net sales growth of more than 30% for the fiscal year 2011.
After the start of the last trading session on Friday, the company was featured in a promotional profile by a stock promoter called Small Cap Voice. Thus, it became clear that an advertising campaign of the company has been started and it wasn’t long before a second newsletter arrived in our database.
The second promotion was led by Stock Guru whose newsletter was spread out last night. The promoter expects to receive compensation in the amount of $10,000. The money was provided by a third party investor relations company whose name was not revealed in the disclaimer.
Given the recent performance of BEAC stock, the MACD has curved up, which may support the stock for a while. However, the company will be under promotional influence as well, which may bring about unexpected shifts in the stock chart.
