BeaconEquity.com recently highlighted Material Technologies, Inc. (OTCBB: MTTG) in its daily TraderNotes, which provide a brief analysis on active stocks affecting the market, based on news, insider activity and stock movement. Beacon analysts seek out stocks in position to stir the markets before anyone else is aware of them.
“In yesterday’s daily chart, MTTG’s RSI indicator reflects a reading so far of 43.67%, directed towards the neutral zone with the line steeply directed towards the 50% level. MCAD indicator, so far with readings of -0.070 12-day EMA and -0.060 26-day EMA, must return above the 0 level to sustain the upward move. Slow Stochastics indicator with readings of 13.00 %K and 9.17 %D, almost confirms an oversold condition or buying move upon the lines’ crossing back above the 20% level upwards. With share prices hitting the stock’s 52-week low of 0.59 last Feb. 15, a significant support level or buying entry point turned pivot was established to pull up prices 37.5% to their present level,” Beacon reported.
MATECH engages in the research and development of metal fatigue detection, measurement, and monitoring technologies throughout the U.S. The company’s proprietary technology detects and analyzes fatigue damage in a metal component. The technology is applicable to various market sectors, such as bridges and aerospace, as well as ships, cranes, railways, power plants, nuclear facilities, chemical plants, mining equipment, piping systems, heavy iron and more.
The company’s recent stock activity is attributed to a statement earlier this week, announcing that MATECH COO, Marybeth Miceli, was featured on on-line engineering career community Engineering Crossing as one of its “’Engineering Star(s).” Serving as MATECH’s COO, Miceli supervises and directs all company operations including engineering and laboratory operations, bridge inspections, research and development, contract execution, business development, quality assurance, technical presentations, administration operations, and interfacing with government agencies, investors and media.
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