Cono Italiano, Inc. (CNOZ) is making waves with a new fast food snack that combines the convenience of a taco with the hot, saucy, peppery goodness of an old-fashioned pizza. I haven’t had one of these “pizza cones” yet myself, but they’re wowing the crowd at state fairs and the company seems to be generating outstanding early sales numbers.

What brought the ticker to my attention was actually its chart. CNOZ looks like it’s on an upswing as traders catch on to the company and its underlying investment potential.

Shares climbed an irresistable 128% last month and turnover is spiking on the upticks – in fact, on a volume basis, the bulls led the bears by 8 to 1 last month!

CNOZ seems to have more eager would-be buyers than dedicated sellers, which, by any trader’s yardstick, is a classically bullish sign!

And because we haven’t seen anything that looks like a buying climax yet, in terms of either volume or price action, I think there could be plenty of room left for this positive trend to keep on running!

That means you could still have time to make money on this ticker yourself! And as more and more traders climb aboard, that adds more upside volume…and that feeds the trend…and that could keep this money machine churning for quite awhile!

CNOZ’s chart has trader’s licking their chops!

CNOZ has one of the best convergence-divergences I’ve seen in a long, long time. The bars are bursting up out of negative territory with no sign of any serious deterioration any time soon!

The MACD just peeked above zero, which would confirm ongoing strength. Yes, this means you might not have missed the CNOZ profit party yet – we might only be eating the pre-party snacks!

Some chartists might choose to ignore that spike to $0.75, but with all the other “noise” on this chart, it’s just one more encouraging sign of volatility to spare! Volatility means the market can’t agree on a price for CNOZ, and the size of these disagreements means there’s vast room here for a smart trader to play the spread and the swings!

And the noise isn’t keeping CNOZ from hugging the trendline now and then. Traders who pile in at about a quarter a share could book a 20% profit by selling the next time we kiss the $0.30 line.

Until the stock got frisky, resistance was around $0.55. It might be a touch unrealistic to expect CNOZ to bounce back that high any time soon, but it could happen! After all, this is a ticker that makes 225% intraday swings!

RSI is normal but the stochastics are still oversold, so the bulls may only be getting warmed up! So when this rally gets overextended, you’ll know it!

The next food fad or an outright market sensation?

About those “pizza cones”: CNOZ just signed an exclusive deal to franchise these tasty morsels throughout North America.

The company has already lined up five pilot stores in teenager-friendly locations to start building its brand! Sales are ramping up now, which could get CNOZ on the institutional growth managers’ radar fairly soon.

And because CNOZ owns both the recipe on its cones and the secret of how to microwave a frozen pizza cone without turning it into a gooey mess, its would-be franchises could become the next $4 billion market category!

Established chains like Dominos or Pizza Hut or Subway demand $15,000 to $25,000 in franchise fees and another 5.5% to 8% of the action, so the more people CNOZ can get to open Pizza Cone stores, the faster its founders…and early investors…could be rolling in dough – the pizza and green kind!

The Italian company that invented the pizza cone idea, with locations from Korea to Greece, reels in about $40 million a year!

In North America, CNOZ can sell pizza cones in franchised mall kiosks…or in convenience stores like 7-11…or in the frozen grocery aisle – because CNOZ has exclusive marketing and selling rights!

So do your homework on CNOZ, time your entrance and put this stock on the menu today!

Beacon Equity Group