TORONTO, ONTARIO -- (MARKET WIRE) -- 04/10/08 -- Smartcool Systems Inc. (TSX VENTURE: SSC)(PINK SHEETS: SSCFF)CCM Research Chief Technical Analyst, Jason Suttmeier, has written a technical research report on Smartcool Systems Inc.
Smartcool Systems Inc. is an advanced energy conservation solutions company that specializes in energy and cost reduction technologies for commercial and retail businesses. The company's wholly owned subsidiary, Smartcool International Inc., is the owner, developer, manufacturer and worldwide distributor of the Energy Saving Module (ESM(TM)). This green technology reduces the electricity consumption (Kwh) and maximum demand (KW) of air conditioning and refrigeration compressors.
In the report the analyst states:
"Smartcool Systems Inc. (SSC) is currently trading under the key 5- weekly modified moving average at 0.958..."
"My model shows annual support at 0.884 (which is being tested on recent weakness) with my key semiannual pivot at 1.288 and quarterly resistance at 1.772. Monthly support is 0.721."
"The 200- week moving average provides support at 0.653 with the 50- week moving average as resistance at 1.245."
A free copy of the report can be found at:
http://www.baystreet.ca/articles/research_reports/ccm_research/SSC_TechReport_April102008.pdf.
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