Northern, WI 5/2/12 (StreetBeat) -- A spike in volume and rise in share price has Dig-It Underground (Pink Sheets: DIGX) on the radar for more movement in the morning. A thinly-traded stock, volatility has been strong in the chart as the MACD trends upwards towards zero as the chart is making a bounce off the bottom. The Relative Strength Index (7) has moved above 70, an area momentum traders call "the power zone," while the longer RSIs (14) and (21) are looking to push through 50. A gap is unfilled after today's movement, which will have technical traders keen to a possible pullback to a support level in that area and for volume to remain strong in Wednesday's trading. Check out the technical analysis video chart here.Las Vegas-based Dig-It Underground Inc. is a consumer products company engaged in the marketing of consumer products to retailers. The company offers an array of products comprised of clothing, including the popular Sin City Kitty™ line of apparel; graphic illustrations, artwork, limited editions and reproductions from world famous artists through distributor agreements and online at www.getdownart.com; and its proprietary anti-hangover drink "Hangover Joe's Recovery Shot".
The company has been releasing a string of news based upon signing distribution agreements throughout 2012. Most recently, news came after the closing bell yesterday that its wholly owned subsidiary, Get Down Art, has signed an apparel deal with 777 Apparel to create sportswear with its famous brand Sin City Kitty.
Acording to yesterday's news,
"Sin City Kitty continues to expand every month for Get Down Art. The power of the Sin City Kitty brand has a bright future. 777 Apparel has shipped the initial order of Sin City Kitty to our retail partner Marshall Retail Group which includes yoga pants and sweat jackets. The new items make great addition to the 4ft branded Sin City Kitty sections at retail at Marshall Retail Stores. Sin City Kitty continues to be one Marshall Retails' top selling brands!"
Coupling the news and the technicals, DIGX could be a play to watch today.
52-Week High: $0.275
52-Week Low: $0.015
Yesterday's Close: $0.035
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