NXTH might be a sweet deal
On Financial Tides I usually don't look at small speculative stocks but the technicals on this are too good to pass. Please follow my stop loss recommendation.
As described on Yahoo Finance: NXT Nutritionals Holdings, Inc., (NXTH) through its subsidiary, NXT Nutritionals, Inc., develops and markets alternative sweetening systems, and other food and beverage products. Its products include SUSTA Nectar, a table top sweetener alternative; SUSTA ingredient for beverages, cereals, baked goods, dairy products, candies, and chewing gums; and NXT/SUSTA branded products, including beverages, water, nutritional bars, and supplements, as well as Healthy Dairy smoothies that are SUSTA-enhanced yogurt smoothies. SUSTA is a low glycemic index nutritional sweetening system, which is a blend of inulin fiber, fructose, botanical extracts, natural flavors, vitamins, minerals, and probiotics. The company is based in Holyoke, Massachusetts.
NXTH is new and has yet to make a profit but I have heard a marketing plug on the radio so I became interested. No analysts are following this stock.
BarChart's 13 technical indicators have this 12 out of 13 buys with only one hold. The stock has hit 20 new highs in the last 20 days and of course is 5 for 5 this week. The price appreciation has been 194% in the last 65 days.
Recommendation: This is a highly, highly speculative play and is only for someone who wants to take a gamble not an investment. Buy NTX Nutritional Holdings -- NXTH -- around 3.25 and put a moving stop loss at no less than 2.75. Monitor this one closely and protect yourself by moving that stop loss daily.
Jim Van Meerten is an investor and writes about financial matters here and on Financial Tides. Please leave a comment below or email FinancialTides@gmail.com
Disclosure: I hold no positions in NXTH at the time of this publication.