6 Penny Stocks To Trade
Welcome back to penny stocks! I hope everyone had a great Easter Sunday and weekend. I’ll be leaving on a plane shortly after the market opens, so I doubt I’ll be able to trade penny stocks today. With that being said…Lets go ahead and get to the penny stock list for today.. 6 to possibly short, 0 to buy
UWBK had some news of Wednesday that they were going to sell some of its assets of its Sterling Trust Co. for 61 million. As you could imagine this will definitely boost their capital. The news has catapulted this penny stock from 5 to 8 already in the passed two trading days. Looking at the chart it is/was in a horrendous down-trending mode, so this tells me there is definitely some bitter shareholders just waiting to unload some shares on this recent rise up. That coupled with the fact that the 200 day moving average is hovering right above the current price leads me to below you can make some good money shorting this penny stock…at the right time. Be careful with this one as the news was pretty fundamental. Wait for signs that the stock is weak…aka green-to-red move or a break of support.
RT Ruby Tuesdays…I love eating at this place, no joke! Reported Strooooooong 3Q earnings which is why this stock has risen so much in the past few days. I’m pretty sure I definitely contributed to those strong earnings. This is a hard stock to gauge because it’s gone up sooo much and is soo oversold you just want to short the hell out of it BUT at the same time has some pretty good, surprising earnings so this could go higher. If it does break some support I really don’t think it will totally crash, which is what I look for when trading penny stocks, so I doubt ill be playing this one.
DIGA has been on my penny stock lists the past few days and finally had a negative day down on Thursday..but only 1% in the red. Which tells me one thing: Its got more to go down! Want to profit from it on the short side? I do! Support seems to be at 1.11, if it breaks that it looks like there’s a clear path don to .95. If it does indeed break it be prepared to make some money!
TNS is/was actually a legit company…but posted a loss for period ending Dec 31 08. I really don’t know the real big reason why this stock has climbed so much. Maybe the loss wasn’t as bad as many expected? Has been climbing six consecutive days from 9 to 14.50 –possibly time for a breather or collapse to come really soon. Look for a green-to-red move to come soon.
FDML what a crazy run its had for the past month from the 1’s to the 10’s with only 4 down days within that period. The days of glory might be coming to an end as I suspect soon people will take the money and run considering this is connected to the car industry and that whole fiasco. When that happens this stock will drooooop, but will it happen today? Who knows.
BKCC this priveate equity firm has been a steady riser going into overbought territory with the RSI currently sitting at 76. Looking at the chart it is coming up to some previous resistance and that 200 day moving average line is also hovering up there. Look for the tide to turn soon for this penny stock.
Which one is my fave you ask? Probably DIGA.
Happy Penny Stock Trading!
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