Small Cap Highlights
Micromem Technologies Inc. (OTCBB: MMTIF.OB)
For
Monday, March 17^th, 2008

Tony Golan
Chief Technical Analyst
StockProfit.com™

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This week I chose to highlight the chart of Micromem Technologies, Inc. (OTCBB: MMTIF). MMTIF is starting a powerful new long-term up-trend. The stock is making higher highs and higher lows and is well above a rising 200-day moving average (the red line on the chart above). Relative Strength Differential (RSD), our proprietary indicator for selecting stock in super-strong up-trends, is well above the 25% threshold line, confirming that MMTIF is outperforming the S&P 500 and indicating the stock is likely to continue to outperform.

MMTIF spent much of the last year in a sideways trend, or more correctly, in two sideways trends. First, the stock consolidated between 0.35 and 0.63 for four months or so. Then, MMTIF consolidated between 0.45 and 0.79. In early February, however, MMTIF took off from a low of 0.58 and started trending higher, picking up lots of momentum this past week and hitting a new high of 2.04 last Friday.

Obviously, when a stock runs like that, it's dangerous to get in. It may be hard to control your emotions when you see a stock run like this, but it is easier to control your emotions than to try and get your money back after making an emotional mistake like this. Therefore, a much better strategy is always to take notice that this is a stock on the move, and to keep an eye on it in case it should develop a low-risk, high-opportunity entry point.

Tony Golan
Chief Technical Analyst

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