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Trend Analysis Report – Forward Industries Inc (NASDAQ:FORD), xG Technology Inc (NASDAQ:XGTI), Lucas Energy Inc (NYSEMKT:LEI)

The slump Tuesday was a continuation of last week’s volatility, which included a tumultuous day of trading that the Chinese media dubbed “Black Monday.” Markets rebounded strongly in the following days, even managing to notch in a gain for the week.

Investors were calmed by positive signs in the U.S. economy, including a report that gross domestic product grew more than initially expected in the second quarter.

But the tranquility seen Friday and Monday did not last long.

The daily drop followed the market’s rocky performance in August, during which the Dow and the S&P 500 each lost more than 6 percent. For the S&P 500, it was the worst month since May 2012. For the Dow, it was the biggest drop since May 2010.

Fund managers and strategists said they expect to see more dramatic daily swings as markets adjust to the tumult that began last week. As they did previously, markets could rebound strongly in the coming days if brighter economic reports ease investors’ concerns.

Some strategists say the correction in U.S. stocks is long overdue, and one they have been waiting for after watching stocks climb up and up and up in recent years.

Forward Industries Inc (NASDAQ:FORD) reported the surge of +37.04% and closed at $1.85, with the total traded volume of 5.25 million shares. During last trade its minimum price was $1.35 and it gained its highest price of $1.99 and has a total of 8.64 million outstanding shares. Forward Industries Inc (NASDAQ:FORD) reported that they have signed an extension with Bayer Healthcare LLC to supply Global custom carry cases for their diabetic products through the end of 2018. Bayer Healthcare has been a significant customer of Forward in the past several years and its current supplier agreement pursuant to which Bayer Healthcare purchases certain products from Forward was due to expire at the end of 2016. The extension specifies the price at which Bayer Healthcare may purchase products from Forward with the volume of purchases to be determined by Bayer Healthcare at a later date.

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Is FORD a Solid Investment at These Levels? Read This Report For Details

xG Technology Inc (NASDAQ:XGTI) increased +42.01% closed at $0.530 and traded with total volume of 3.80 million shares, while the average trading remained 469,271.00 shares. During last trade its minimum price was $0.38 and it gained the highest price of $0.60. Its market capitalization was $3.78 million. xG Technology Inc (NASDAQ:XGTI) revealed the expansion of its Business Partner Program. xG is developing an ecosystem of resellers, system integrators, consultants, and other technology vendors offering products and services that are complementary to the xMax mobile broadband wireless network solution. The goal of the xG Business Partner Program is to maximize the emerging market opportunity in private mobile wireless broadband for voice, video, and data communications.

How Should Investors Trade XGTI Now? Don’t Miss out a Special Trend Analysis

Lucas Energy Inc (NYSEMKT:LEI) reported the increase of +42.62%, after closing price for the day was $4.25. Its total trading volume for the day was 1.79 million shares, versus its average volume of 66,177.00 shares. Its earnings per share are $-3.53. Lucas Energy Inc (NYSEMKT:LEI) recently reported that it has moved into a Line of Credit and an amendment of its senior secured note, effective on August 28, 2015. Pursuant to the Line of Credit, and subject to various closing conditions, including the Company’s common stock continuing to trade on the NYSE MKT exchange, the Company has the right to $2.4 million in funding ($200,000 per month for 12 months). Any funding raised pursuant to the Line of Credit is to be evidenced by Convertible Promissory Notes accruing interest at the rate of 6% per annum, with a conversion price of $1.50 per share. The exercise of the Conversion Option is subject to Lucas’ shareholder approval. Should the facility be fully drawn and conversion approved, the Note will convert into 1.6 million common shares, or approximately 52.4% of the outstanding shares.

What LEI Charts Are Signaling for Traders? Find Out Here

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