Ecrypt Technologies Inc (OTCBB:ECRY) started the week of with a bang quickly rising to Friday’s highs of $0.385. Smart investors know that a move over Friday HOD is a seriously bullish technical indicator of what is to come.
ECRY exploded off its $0.12 lows on Friday on record breaking volume after Stocktips announced it has their new pick. Their disclaimer indicates that AC expects to receive $5,100,000 ($5.1 million) as a marketing budget for production and distribution of ECRY marketing material from 3rd party Laluna Services, Inc.
Investors had been waiting for a long time for the next Stocktips pick after TGRO made spectacular gains from well under $0.25 to over $1.50 per share in December 2013 after they announced it as their pick.
Ecrypt Technologies Inc (OTCBB:ECRY) is at the forefront of data security, specializing in military-strength information security solutions for enterprise, government and military. Ecrypt empowers organizations with the freedom to communicate and collaborate without risk of liability, reputation damage, competitive threat and other negative outcomes. Ecrypt is the trusted first choice for those looking to keep their communications confidential.
Stocktips updated subscribers Monday morning with a quick update stating ”Hello Boys and Girls! What a day for ECRY! ECRY is already up over 10 percent and is showing ZERO signs of slowing down. I believe that once ECRY crosses the 0.40 mark – we could see some magic happen! This could be any second, so watch ECRY very closely! Add ECRY to your trading radar immediately! Could ECRY be crossing 0.75 this week? Keep a close eye on ECRY! ECRY – Get Ready! Happy Trading,”
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ECRY announced on Friday the addition of Cicada II to its Cicada line of data privacy technologies. According to Cicada Security Technology CEO, Ryk Edelstein, “the Cicada II extends the scope of the Cicada protective model to include coverage of Bluetooth enabled smart phone and tablet based devices”.
Cicada data privacy technologies are market driven solutions that effectively address common gaps which are unaddressed by authentication, encryption, and existing end point security technologies. Designed to enable security practitioners to attain comprehensive data privacy, Cicada data privacy technologies extend the protective coverage afforded by the office environment, to include the mobile workforce. The Cicada’s active protection model continually monitors authenticated phones, tablets, or laptop devices for evidence of attempted theft or tamper, and responsively interrupts access to system resources, and stored, cloud or network accessible data.
Edelstein commented: “Traditional technologies which focus on threat at the logical level, fall short in their ability to detect threat attributed to physical risk, such as theft or tamper. This vulnerability exposes whatever information, or service that is accessible by an active and authenticated device to become accessible, to an unauthorized party.”
Conclusion: ECRY exploded off its $0.12 base on Friday after Stocktips announced it as their next big pick. The stock reached a high of $0.385 on Friday before testing $0.30 twice in the afternoon trading.
Monday ECRY started the week off with a bang quickly trading up to Friday’s highs on record setting volume. Everyone remembers TGRO and the spectacular run it made from under $0.25 to over $1.50 per share last year and they are hoping Stocktips can do it again with ECRY.
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Currently trading at a $40 million market valuation ECRY is the top traded stock on the entire bb’s. If the $5.1 million promotional budget is any indication of what’s to come ECRY deserves to be at the top of investors watch lists here.
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Disclosure: we hold no position in ECRY either long or short and we have not been compensated for this article.