IDOI News Causes Major Momentum

IDOI is a Market Favorite Despite investors concern related to Spanish yields climbing to new all time highs which has eroded broader market sentiment, IDO Security Inc (OTCBB: IDOI) continues to generate strong gains.  Last week the company won a contract to deliver MAGShoe to Israeli government offices, and the news stream only became more interesting.  On Friday, IDOI announced that the Company is demonstrating the MagShoe at an Illinois prison facility as a pilot program for Illinois officials to confirm the effectiveness of the MagShoe to combat the penetration of cellular phones, electronic devices and weapons into the prison. MagShoe is being exhibited this upcoming week at the 142nd Congress of Corrections in Denver, Colorado, hosted by the American Correctional Association.  The stock price has reached 70 cents per share, up nearly 14% in heavy volume.  Volume hit nearly 2.3 million shares in the first 90 minutes of trading on Monday, which places volume on track to make an all time high.  Since announcing its contract with the Israel government, volume is up nearly 8.5 million shares, which is heavier than total volume during the prior three months.  The stock price gapped higher on the open after climbing through resistance near 60 cents per share toward the end of last week.  The confirmation of heavy volume on the upward surge means the stock is poised to test target resistance near 1.25 per share which was former support. The 20-day moving average of the IDOI crossed above the 200-day moving average of IDOI, which is confirmation that a medium term trend is in place.  Momentum on the stock is moving to the upside with the MACD (moving average convergence divergence index) printing at its highest levels in the past 12-months. Disclaimer: http://mypic.us/photos/20120723134302575167547.jpg   Unsubscribe