Dallas TX 2/3/2011 10:28:10 AM
News / Finance

DITC, SBLK, ZANE, ECTY, CIGX are Stocks In Play at Wednesday's Roundup

Stocks In Play at Wednesday's Roundup: DITC, SBLK, ZANE, ECTY, CIGX

Ditech and Digium (NASDAQ:DITC) announced today that the company has entered into a marketing partnership with Digium to make Ditech's Voice Quality Assurance algorithms available to the Asterisk developer community.

Stock shot up 9.85% to settle at $1.45 with a moderate volume of 72,835 traed shares. RSI peaked its head towards 57.76, which is considered nor overbought nor undersold at this point. Keep this stock on your watch list as it recently pierced through its 20 and 50-day moving averages.

Ditech Networks, Inc. (Ditech) is a global telecommunications equipment supplier for voice networks. The Company develops, produces and sells voice quality enhancement solutions, as well as voice applications solutions to telecommunication service providers worldwide. Its voice quality enhancement solutions enable service providers to deliver clear end-to-end communications to their subscribers.

Star Bulk Carriers (NASDAQ:SBLK) has recently announced that Spyros Capralos has been appointed as President and CEO, to succeed Akis Tsirigakis, effective February 7, 2011. Capralos has also been appointed to the Board. Tsirigakis will continue to serve as a director. His parting was mutually agreed, so he may pursue other interests. Capralos until October 2010 served as Chairman of the Athens Exchange and CEO of the Hellenic Exchanges Group and was the President of the Federation of European Securities Exchanges.

Upon the announcement, stock took a slight loss of 0.78% with a light volume of 149,423 traded shares by the market close. Pps settled at $2.53 with an undersold RSI of 27.36. This is a perfect stock for a bottom feeder since the company has lost almost 20% of its value in the past month.

Star Bulk Carriers Corp. (Star Bulk) is an international company providing worldwide transportation of dry bulk commodities through its vessel-owning subsidiaries for a range of customers of major and minor bulk cargoes including iron ore, coal, grain, cement and fertilizer.

Zanett Inc. (NASDAQ:ZANE) Company announced before the opening bell that it will be implementing its Clinical Online Delivery System (CODS) software for Parkview Health to support standardized, evidence-based order sets at the point of care, arming their doctors and clinicians with critical information to improve medication safety and patient care.

Shares surged 32.20% to settle at $1.56 with a light volume of 50,942 shares. Its price is forming a cup and handle, and is on its way to penetrate the 50-day moving average of $2.60 with an exploding volume of 1.6 million shares, which is 40 times the average traded volume for ZANE. Keep an eye out on this one as its increased trading activity and volume speaks for itself.

Zanett Inc. (Zanett) is an information technology (IT) company that provides customized IT solutions to Fortune 500 corporations and mid-market companies. The Company provides commercial solutions through its wholly owned subsidiaries. The Company's subsidiaries include Zanett Commercial Solutions, Inc., Data Road, Inc. and PS GoLive, LLC. The Company's customers consist primarily of small to large businesses needing IT solutions, such as strategy and systems architecture consulting, business application development, systems implementation and integration, systems engineering and technical assistance and IT communications hardware and peripheral equipment.

Ecotality (NASDAQ:ECTY) Company announces that it has expanded The EV Project to the San Francisco Bay Area. It was awarded a $2.87 million contract from the Bay Area Air Quality Management District to become the Project Manager of the organization's Electric Vehicle Supply Equipment Deployment Program. Company will oversee the installation of 2,750 home charging stations and 30 DC fast charging stations throughout the Bay Area.

Stock has gained 0.87% to settle at $3.48 with a very light volume of 36,621. Volume has been light in the last few days compared to its historic levels. Ecotality, Inc. is a provider of electric transportation and storage technologies. The Company provides electric vehicle infrastructure products and solutions that are used in on-road, grid-connected vehicles (including plug-in hybrid electric vehicles (PHEV) and battery electric vehicles), material handling and airport electric ground support applications. Through its main operating subsidiary, Electric Transportation Engineering Corporation (eTec), the Company's primary product offering is the Minit-Charger line of advanced battery fast-charge systems that are designed for various motive applications.

Star Scientific (NASDAQ:CIGX) Company today announced that it filed an application yesterday with the FDA for approval to market a moist-snuff product, Stonewall Moist-BDL, as a modified-risk tobacco product. The company believes that this is the first application filed with the FDA for approval of a tobacco product in a longstanding market segment. The data submitted in the application to the Center for Tobacco Products at FDA document TSNA levels in Stonewall Moist-BDL that are below limits of detection by current standards of measure.

Stock has been trading way below its 50-day and 200-day moving averages of $1.82 and $1.78 respectively. Its RSI has peaked over 35 as the stock gained a little momentum today. It rose 0.63% to settle at $1.60 with a strong volume of 744,312. This company has been consolidating for the last three trading days in the $1.55-$1.57 range and might result in a strong break out.

Star Scientific, Inc. (Star Scientific) is engaged in the development of very low-tobacco-specific nitrosamines (TSNA), non-fermented smokeless tobacco products. The Company is also engaged in the development, implementation and licensing of its technology for the curing of tobacco so as to prevent the formation of carcinogenic toxins present in tobacco and tobacco smoke, primarily the TSNAs and manufactures, sells, markets and/or develop very low-TSNA dissolvable smokeless tobacco products, including ARIVA compressed powdered tobacco cigalett pieces and STONEWALL Hard Snuff and modified risk tobacco products.

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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.

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