IDO Security Sets New Year-To-Date High (IDOI)

IDO Security (OTC: IDOI) has set a new high closing price for 2012, continuing its rally for a third consecutive day. The stock rose 14.1% and closed today’s trading session at $0.615. Volume of the stock is up 3.21 million shares, bypassing its average of 188,051 shares.

IDO Security has staged huge rallies since July 18, 2012, and its year-to-date gain now totals 146%.  The previous peak price of the stock was $0.55 on May 29, 2012. IDO Security had declined since that point until hitting a low of $0.22 on June 1, 2012. IDO Security has been steadily rallying from that point.

A number of newsletters have promoted IDO Security. Stockpromoters.com lists 112 results for the promotion of IDO Security, which may include duplicate entries. None of the recent promotions were compensated.  On Twitter, @pennystock24 mentioned that Stock Blaster, among others, promoted IDO Security today.

Here are some recent headlines for IDO Security:

  • Today, July 20, 2012: IDO Security announced that the company is demonstrating its MagShoe scanning device at an Illinois prison facility. This demonstration will serve as a pilot program for Illinois officials to confirm the effectiveness of the device in combatting the penetration of cellular phones, electronic devices and weapons that have been a known concern in correctional facilities across the U.S.
  • July 19, 2012: IDO Security announced that the company has installed additional MagShoe systems in government offices throughout Israel.
  • July 2, 2012: IDO Security announced that the Depository Trust Company has removed the “chill” status from IDO’s stock. Effective June 29, 2012, the DTC restored electronic clearance and settlement services for shares of IDO, enabling normal electronic trading.

IDO Security was incorporated on January 23, 2004. The company is engaged in the design, development and marketing of devices for the homeland security and loss prevention markets. These devices are intended for use in security screening procedures to detect metallic objects concealed on or in footwear, ankles and feet through the use of electro-magnetic fields.

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Published by Fiona Gibson

Fiona is a finance graduate and an expert in analyzing market trends.