Here’s 8 Hot penny stocks to watch for today….
Potential Shorts
EVK - Yes, this is the same penny stock I traded and made a small profit with 2 days ago. It’s still chuggin’ forward about to touch the huge resistance around 2.50, but is very thinly traded. Odds are, I won’t touch this stock again regardless of the price action.
CLUB – This penny stock made a huge last minute spike of about 50% off no news whatsoever. If you’ve read my eBook you know how I feel about these kinds of end-of-the-day spikes. Definitely a potential short off of any negative price movement at the open. You gotta be quick with these kinds though!
NBY – Has made a move from 1.80 to 3.00 in the past few days backed by some drug news, and earnings losses this morning. I’ll most likely only look to short this on a green-to-red move but even then the move downward could be minimal based off the drug news. Not my favorite potential short.
VIFL - A penny stock that has been on the move sense the 1.50 range a few days ago, now sitting at 2.40 it’s setting up to be a potential short. It’s definitely becoming overbought at this stage. Key in on the 2.20 area as a safe shorting point. Also beware that this penny stock is also very thinly traded.
VTNC – This crap company has made a pretty good little run up these past few days. I’m looking to short any weakness if it presents itself today around the $5.20 as that’s some good support. Be on your toes, if it breaks that price range it could fall quickly.
XTNT – A penny stock that has from .60 to 1.50 off of a drug approval news. While I hate shorting on news like this, the chart itself was in death spirl mode leading me to believe that some bitter shareholders might sell off shares on the upward movement we’re getting here.
Potential Buys
SFEG – Is breaking out to new highs. I’ve actually been watching this one for the past couple of days as it failed to break out once, but yesterday it finally pulled through and broke out pushed by a big volume boost. Broke out of the key area of 1.24 and should be a pretty good buy here as it’s one of only a few making 52wk highs. There’s pretty good confirmation that this breakout will continue forward based of the volume we saw yesterday. Definitely a potential buy.