If you are looking into stocks that made massive gains last week, then the New American Energy Corp (OTCMKTS:NECA) could be one of the stocks to track closely today. This past Friday the stock saw heavy action and ended up clocking gains of 93%, which took its gains for the week to as much as 200%.
Last week the company announced that it inked an Arrangement Letter with the auditors B.F. Borgers CPA PC. The auditors, who are based out of Colorado, are going to help the company in becoming current and eventually get current status by submitting all its pending financial statements.
B.F. Borgers is going to be focused on the financial year of 2019 and 2020 in addition to New America’s financial statement for the fiscal quarter that ended on March 31, 2021. The Chief Executive Officer of the company Jeff Canouse also spoke about the matter.
He stated that New America has worked hard to complete all its filings over the course of the past seven months and in fact, it managed to get Pink Current status due to its efforts. It has taken care of the filings for some other years but is now left with the ones for the last two years.
Market Reaction:
On Friday, NECA stock soared by 93% to $0.0027 with more than 926.63 million shares, compared to its average volume of 110.42 million shares. The stock has moved within a range of 0.0013 – 0.0027 after opening the trade at $0.0014. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0120.
Pivot Points
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
| Classic | 0.0004 | 0.0008 | 0.0018 | 0.0022 | 0.0032 | 0.0036 | 0.0046 |
| Fibonacci | 0.0008 | 0.0014 | 0.0017 | 0.0022 | 0.0028 | 0.0031 | 0.0036 |
Moving Averages
| +/- EMA(20) | 0.0013 (+107.69%) |
| +/- SMA(50) | 0.0016 (+68.75%) |
| +/- SMA(200) | 0.0021 (+28.57%) |
 Makes Another Bullish Move: Up 200% in a Week){kind=link}