We are planning to examine the fundamentals of Lingo Media (symbol LM.V) in a separate post, but we wanted to update readers on an important ongoing development in the stock price of this micro cap stock.
Lingo Media’s stock chart shows how the company has recently broken out on HUGE volume. The combination of both conditions favors a continuation of the uptrend. Moreover, the company has recently announced how it is expanding to new markets with a strong sales and distribution strategy.
Over the course of the last 12 months, Lingo Media has risen from a 25 cent stock to 1 dollar. It is moving very fast from a nano cap stock to a micro cap stock. It is no secret: it is currently our favorite micro cap stock. More financial analysis about Lingo Media will follow next week.