SOURCE: Equities Awareness Group

Equities Awareness Group

April 10, 2012 08:40 ET

Stock Active Watch List: NeoMedia Technologies Inc. (OTCBB: NEOM), Solos Endoscopy, Inc. (OTCBB: SNDY), American Energy Development Corp. (OTCBB: AEDC), Elite Pharmaceuticals Inc. (OTCBB: ELTP)

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Equities Awareness Group LLC

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Stock Brainiac specializes in finding companies ripe for a profitable turnaround or a technical breakout, and today announces four stocks to watch closely.

- NeoMedia Technologies Inc. (OTCBB: NEOM)

- Solos Endoscopy, Inc. (OTCBB: SNDY)

- American Energy Development Corp. (OTCBB: AEDC)

- Elite Pharmaceuticals Inc. (OTCBB: ELTP)

Breaking News Alert: NeoMedia Technologies Inc. (OTCBB: NEOM) NeoMedia Files Lawsuit Alleging Patent Infringement

NeoMedia Technologies, Inc. (OTCBB: NEOM) is the pioneer in global mobile barcode management solutions, today filed a patent litigation lawsuit against SpyderLynk, LLC. The SpyderLynk lawsuit, filed in the District Court for the District of Colorado, asserts infringement of two NeoMedia patents related to its mobile barcode resolution technology. The lawsuit seeks to enjoin SpyderLynk from using NeoMedia's patented technology and to recover damages caused by the infringement.

"NeoMedia's patent portfolio covers a broad spectrum of barcode resolution techniques and NeoMedia has, over the years, successfully negotiated multiple license agreements with some of the top players in the mobile barcode market," said David Berten, a Partner with Global IP Law Group, LLC, NeoMedia's legal counsel.

Technical Breakout Alert: Elite Pharmaceuticals Inc. (OTCBB: ELTP) has developed a Major Support Level around $0.08 over the last several months and recently gained 56% in just 2 days on above average volume. Elite Pharmaceuticals (OTCBB: ELTP) closed Monday's trading at $0.125. Resistance lies around the $0.15 area. A break above $0.15 on above average volume could ignite a Technical Breakout.

Technical Breakout Alert: American Energy Development Corp. (OTCBB: AEDC) has recently broken above a resistance area at $0.93. American Energy Development Corp. closed Monday at $1.01 and seems to be consolidating nicely on above average volume. Now above the psychological resistance mark of $1.00, American Energy Development Corp. (OTCBB: AEDC) could be setting up for a Technical Breakout.

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Disclosure: is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Stock Brainiac is a wholly owned entity of Equities Awareness Group LLC. Equities Awareness Group LLC has been compensated seven thousand dollars by Capital Financial Media for marketing awareness on American Energy Development Corp. Please read our report and visit our website, for complete risks and disclosures.