As we have stated before, we are not fans of chasing high flyers but Effective Control Transport (Stock Symbol: EFFC) is worth watching closely. This company makes those devices that help prevent “sleeping at the wheel”.
Alertness and Drowsy Operator Monitoring is emerging as the transportation industries most important technology of this millennium.
ECT has pioneered the development of alertness monitoring technology to ensure the entire transportation industry, land, air and sea, is equipped with the tools necessary to successfully prevent accidents caused by drowsy or inattentive operators.
By partnering with leaders in the transportation industry including manufacturers and governments, ECT will help substantially reduce accidents on our roads, railways, seas and in the air, ultimately saving lives.
This recent price action will keep any trader awake. Watch for new support forming or a continuation of breakout above the last high. Remember that this stock just made a 60% gain today on relatively light volume. We will remove NEWCQ from the watch list since it never held support and replace it with EFFC. Quazimoto agrees that EFFC could run up quickly once again but he refuses to give his stamp of approval. Apparently, Quazi still chases nothing.