Lyric Jeans, Inc. (PINK:LYJN) closed the last trading session at a hard resistance level on average trading volume. The stock has been promoted for the coming session and it is yet to see if the resistance would get broken. 
LYJN is a sub-penny marked with the red STOP No Information status on the OTC Market. The company has not issued any press releases as well in the past several months, thus its current financial condition and operations are unknown.
Though, it is seen on the stock chart that LYJN has gained strong price momentum over the last two weeks. Friday session closed at $0.007 for a share, which is a level of resistance for the last three months. That closing price is only about 3% higher than on Thursday, while the trading volume was also only slightly higher than the average with 814,000 traded shares.
On the lack of any reliable information, LYJN could get the subject of speculative interest today. Our newsletters database has detected a promotional e-mail on the company sent on Saturday evening. The promoter’s statements are based mostly on some previous promising performance of LYJN on a promotion, and the compensation for the newsletter was $7,500.
Available data on LYJN promotional record shows that its last promotion took place at the end of July 2011. At that time, the stock was trading at around $0.012 for a share, and it is constantly going down ever since. Thus, even if LYJN could deliver some short-term gains, its general downtrend should not remain overlooked.
