Los Angeles, CA ---April 26th, 2007 ----Tony Golan, Chief Technical Analyst with StockProfit.com, has issued a Technical Opinion on New Century Companies, Inc. (OTC: NCNC).
According to Mr. Golan, “New Century Companies, Inc. (NCNC.OB) is reversing a long-term down-trend. NCNC was in a long-term up-trend for much of 2005 and the first half of 2006, but hit its high at 1.25 in early April of last year and reversed the trend. For the next seven months, NCNC trended lower, making lower highs and lower lows below the 200-day moving average and eventually hitting a low of 0.13 in mid-November. Ever since then, NCNC has been making higher highs and higher lows”.
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