DPTR- Was featured on yesterday’s watchlist and ended the day down 5%. Closed at 2.13 so it is getting closer to that all important 2.00 mark. If it can crack the 2.00 mark it could potentially be an easy short there down to the 1.80 range. Overall not my favorite penny stock to short, though.
ENTR- No news that I can find that explains this penny stock’s recent run up from .75 to 1.75 besides some fluff news on March 31st. Up 100% basically in the past 3 days, RSI sitting at 78 so this one is wayy overbought. It also has the 200 Moving Average at 1.50, which its bounced off from the past 2 days forming a stiff resistance there. Not to mention, volume has been fading….everthing is in place for this one to tumble back down to where this non-legit penny stock belongs..as long as it doesn’t open or run above 1.50! My favorite potential short.
GGR- Up 53% today on no news, so it automatically gets my attention. I’d actually like to see this penny stock show a little more upside strength before I look to short this thing. But we might not get that, and if so, watch the 1.40 level as that’s key support.
ZLC- Detailed this here in yesterdays penny stocks to watch. Ended the day up 14% nearing that all importanto $5.00 resistance. It flatlined all afternoon making me to think we’ll know where this sucker is gonna go come opening bell. Look for a green to red move, hopefully.
RHIE- Making a pretty decent move up from the lows of March but methinks this run soon may be coming to an end BUT that might not be today. Keep this penny stock on watch cause this thing moves in .30 legs, meaning when it moves up or down you can really make some money. This penny stock has 1 thing working for it, and 1 thing working against it. The fact that it closed above its 50 day moving average is disheartening to the short-seller, but the fact that it’s got some stiff resistance in at the 3.52 range is making things brighter for the short-biased penny stock trader. Watch for a move below 3.15 to short it.
CZZ- Is a Brazilian sguar producing company that has had a nice 3 day run-up courtesy of a rally in Latin American Equity Markets AND a Citigroup analyst citing the benefits that CZZ could obtain with a lower currency dollar and higher prices of sugar these days. All in all, I really don’t know what to do with this one. If you look at the 5 min chart it’s a bullish as it can be with a strong steady up-trend. I’ll just wait to see if a short play sets up and take it from there. Definitely not my favorite potential short.
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