6 More Penny Stocks Picks: “Buy The Hype, Sell The News”
There have been alot of penny stocks in play this week but unfortunately I haven’t been around but I did get to trade one penny stock on Wednesday. I didn’t have time to update the blog on the trade, but I did update via my twitter. I traded the nice breakout on penny stock INSM
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This Is What Trading Penny Stocks Is All About: 18 Penny Stocks To Watch
It’s UNBELIEVEABLE what’s happening out there in penny stock land. There’s so much strength, breakouts, short squeezes, tanks….everything! This is what trading penny stocks is all about! What a week to have final exams on, right? Well the good news is that I don’t have an exam today! I’ll be able to trade today for the first time this week and I’m really looking forward to it. The penny stock watch lists have been dead on the spot many of these penny stock plays and these exams have left me unable to take advantage of them. My extra monitor is going to be filled with penny stock charts tommorrow morning because there are just soooooooo many plays out their right now. Enough of me talking, lets see the penny stock plays out their that will make you some moolah…..
BZ penny stock is breaking out again from its gap up off the earnings. They narrowed loses so this could continue to run DDRX, COT style. 5 min chart is pretty choppy but this could potentially be a good buy today.
CBOU this coffee related penny stock is on a caffeine rush! 7 straight days up going from 2.00 to over almost 6.00! Watch for a negative move to come sometime soon – maybe today? No news is driving this penny stock, just the sector is driving up and this is goin’ with it. Don’t expect this to be a great short, but it defintely could be a profitable short..when the opportunity arises. I’d like to see some sideways action first, though.
CLUB showed some weakness today in the morning going from green-to-red then the greedy shorts got totally squeezed and this penny stock accelerated higher closing up 5% on the day. I really think this thing could squeeze some more shorts before this run is over and done with, because of that I’m avoiding this penny stock..for right now.
COT earnings play here showing some sideways price action. It’ll be pretty easy to trade this penny stock – if it breaks the sideways action on the downside potentially short this sucker. If it breaks sideways action on the upside potentially buy it. Personally, I’ll be looking for a break of 4.00 on BIG volume to maybe go short.
CRTX this penny stock has had a real nice run up mostly on speculation on earnings. Those earnings come out this morning before the market open so defintely keep this penny stock on the news and possibly short sell on a bad report!
CTIC penny stock exploded higher today on a 140% gain due to a promoter pumping this BUT also due to earnings speculation which the earnings are due out this morning also so defintely keep this penny stock on watch! Anything bad and this thing could tank, possibly netting you some good short selling profits!
CVTI low volume runner here up 50%+ today on no news. I kinda want to short this penny stock, but I’m not holding my breath because it did just just out of a 6 month base with this move. Very thinly traded, so if you do decide to trade this buying/or shorting trade it with caution. I’ll probably hold off considering this.
DAN made a 100%+ run in 2 days, but is stalling at the 2.00 mark. No news on this penny stock BUT it is car/transportation related which could have something to do with the pour-in of volume and the upwards move. Definitely a penny stock to watch especially on a break of 2.00 as it could trend higher after that. Otherwise look for a green-to-red short.
EQUR mentioned this penny stock a couple of days ago HERE @ .03…now it’s .044. Shoulda, woulda, coulda but I had exams. Thats how it goes sometimes BUT that doesn’t mean I still won’t buy this stock. Very good support in the .04 range and volume increased yesterday leading me to believe it could bust higher. Definitely a potential buy for me come market open.
FCH volume flooded in yesterday on this penny stock on speculation of earnings which are released AFTER the market closes today. Looking at the chart there was a TON of buying right before the closing bell. There’s stiff resistance @ 3.50 but if it breaks that, which I think it might based on the end of day buying pressure, it’s a great day-trade buy. I say day-trade because you DONT want to hold this overnight because of the earnings factor.
INSM we got a hammer candle stick on the daily chart for this penny stock as well as an increase in volume. If you read the watchlist a few day ago I mentioned this was on the verge of breaking out. With this latest volume picking up and the buyers comming back in don’t be surprised if it finally does breakout. If it breaks 1.50 it’s a no-brainer buy in my opinion…but ONLY if it breaks that important resistance mark.
LEE wow big up-swing from .40 to 1.20 on four consecutive up-days. Earnings are scheduled for release this morning and based on the report it’ll give you an idea of where to go with this penny stock. Let the market show you how to trade it…if there are more sellers than buyers then possibly short this sucker!
MDVX remember this penny stock? This is the one I made $661 on buying the perfect breakout. Wouldn’t you know it, it is setting up to potentially break out again and if it does I’ll be all over it with a buy, buy, buy (kinda like Jim Cramer). Its just gotta break 4.00 first!
NCOC is a coal penny stock that HAD momentum from the goldman sachs upgrade of the sector…but that seems to be winding down. Sideways price action the past 2 days leading me to believe this could become a good short candidate. Watch for a green-to-red move or a break of 2.30 to potentially intiate a short biased trade.
RIV surging only because it’s in the casino sector BUT with the Wynn Resort reporting losses yesterday it could kill the casino rally making this a good short trade. I’ll only look to short though if it has a green-to-red move.
SPPI right now this penny stock’s chart is showing a breakout..but barely. I’d be all over this, but the volume just doesn’t confirm a breakout and I like to see the RSI over 70 on these types of plays. We’ll let today’s price action let us know if this is a legit breakout or not. I might be a buyer.
UPFC price increase of over 100% for this financial penny stock over the last few days. No news, just manipulation..so you know what that means, right? Potential short! Watch for a green-to-red move to potentially short. It’s a thinly traded penny stock so be careful.
ZAGG is a-trying to break out…yet again. Keep this penny stock on watch today as it very well could make you some money buying it but watch for some sort of confirmation, likely early morning volume!
6 Penny Stocks For May 6th
Read all about em’
ATRC huge 125% 1 day surge yesterday caused by a better than expected earnings report and news that they have an agreement with a credit facility. We all know what these penny stock earnings plays have been doing lately so definitely look for a continued move today especially since looking at the 5 min chart there was a TON of volume and buying at the end of the day, I mean a ton. This bodes well for a positive move today, but at the same time if it gets too overextended watch for a fade from an early morning spike!
CBBO I don’t know what caused this penny stock to have a 106% run yesterday..possibly a late reaction to earnings? BUT the earnings weren’t good, balance sheet is still poor, downtrending chart the past 6 months, and it failed to close over the 200 day moving average…all these factors lead me to believe this penny stock might be a good short for today. Watch for a green-to-red move, or a break of 2.30 to the downside to initiate a short position.
COT here’s the deal: it’s an earnings play..you know I don’t like to short these penny stocks until they get waayyyyyyy tooo overextended BUT… this penny stock has shown fading volume each of the last 2 days. I’m thinking it’s kind of stalling here and if it can maybe crack 4.00 you’ll be able to make a quick .20-30 cents per share profit on a short trade. That doesn’t mean that I don’t think this sucker will continue to fly up, though.
NCOC a decision comes today on what direction this penny stock is going to head. Sideways price action today plus the fading volume makes me believe if this penny stock even gets a hit of negativity on the day it could drop to give you a reasonable short selling profit. A price point to consider shorting at would be a break of 2.40!
PMI not really sure of the reason for this three day run up in this penny stock. Many might be thinking of shorting this sucker, but I’m not to sure..yet. Actually right now, looking at the 5 min chart, the huge volume buying pressure at the end of the day over the previous resistance from earlier in the morning makes me think this run continues today. But again be on the lookout for an early morning spike then fading price action…if this infact goes up today.
STXX holy 200% run in the last hour of the trading day. Not one trade was made until 3:00 pm and from that point it was a total surge. If you’ve gotten my FREE eBook, you know these late spikes are GREAT shorting opportunities. This penny stock is thinly traded with only a little over 100,000 shares traded AND it’s spread is totally wacked out. Probably a little too risky for my taste, but maybe not for yours?
9 Hot Penny Stocks Picks For You While I’m Taking Final Exams
Exams start today so I have to keep it short cause I’m studying!! For all you pennystocker’s lucky enough to not have to take exams, here’s some penny stocks to watch!
NSHA – surged 95% yesterday on NO news. This penny stock has a wicked down-trending chart, so definitely watch for bitter bagholders to dump this. Because of that it’s a potential short.
ABR I keep thinking this penny stock is going to tank, but it defys the odds and keeps chugging along. It’s coming up on the 200 day moving average resistance which may just stall this 200%+ run over the last week. Watch for a green-to-red short, probably.
CLUB wow this penny stock close 1 cent below the 200 day moving average. Now on a close to 100% run from last week, and today may be the day we see a red day. Watch this penny stock for a short play especially after they announced that earnings plunged.
EQUR little pinksheet penny stock breaking-out, but didn’t have enough of an increase in volume for me to give this breakout any validity. Nevertheless keep this penny stock on your watchlist.
INSM failed to continue it’s breakout from Friday after getting rejected yet again at the 1.50 pricepoint. BUT if it somehow gets past that today on big volume then it’s a total buy.
LNET is a penny stock that had great earnings and showed continued strength yesterday after breaking out of the 4.20 resistance. If this penny stock would’ve seen more buying pressure yesterday it’d be a no brainer buy, but instead just watch how it acts at the open. If it’s getting some buying pressure then it may continue to trend upward, therefore would be a good buy.
NCOC more of a buy now than a short even if it’s gone up over 100%+ in two days. Reason being is that Goldman Sachs gave coal stocks an upgrade so these coal related penny stocks probably still will run for atleast another day. Because of that this would be a good buy on a cross of 2.60.
RUTH had its first red candle yesterday from its huge run over the past week. I expect possibly another downward move today on a break of 3.60. or a green-to-red short move. Keep this penny stock on watch.
TPGI 3- day run on no NEWS and a horrible downtrending chart. Look for a short play to come upon on a break of 2.00…but only if the volume is there on the break.
Only The Best Penny Stocks To Watch For May 4th
Monday is shaping up to be a great start of the week and month for trading! There are tons of penny stocks to watch, but I give you the best 8 based on risk/reward, tradeability, and predictability. Lets make money, shall we?
INSM hello breakout! A Very nice breakout this penny stock saw on Friday on legit volume, too! Has all the characteristics of a potential classic 2-3 day run- off the initial breakout: increase in volume, break of resistance, and the Relative Strength Index is in the power zone (70). I’m definitely going to consider buying this penny stock first thing..if and only if it opens @ 1.50 or above.
TGIC big spiking penny stock on Friday going up over 100%+ on the day……on NO news a.k.a awesome. great. fantastic. potentional short. Although it did give back a chunk of change from the highs on a common Friday afternoon fade, it probably has more to give back. Looking at the 5 min chart there is no defined support, just a bunch of stair-stepping…which is the only thing I don’t like about this penny stock. I like clear support lines to short into, but nonetheless keep this on watch!
ABR wrote about this penny stock in THIS post…maybe it is about time this thing cool down? Solid sideways price action from late morning to the closing bell on Friday so this penny stock should be about to make a bigger move somewhere. Watch for a green-to-red short or a short on a solid break on 3.17.
TPGI is a penny stock up over 90%+ in 3 days on zero news. Balance sheet doesn’t look too bad, but the earnings are definitely not what you would call “earnings”. Maybe try to short this penny stock on a break of 2.00 but, not my favorite potential short though.
RUTH has been on my radar since the middle of last week and has always been a good penny stock to short on its run-ups. Hopefully this one isn’t any different..problem is we just need to figure out when this sucker is going to drop. Considering its counter-part MRT was in the red on Friday I think it’s time for this one to have a negative move of its own. It is actually setting up to be a triple top, and as you know from A Chart Pattern That Will Make You Money Shorting Penny Stocks….it’s one of my favorite patterns to short. Key support price to break for a great short will be 3.94. Watch It!
ECPG probably a penny stock comming up on many of your scans or other blogs. Nice run of 60%-70% past few days but, I wouldn’t consider shorting this penny stock as the books and the fundamentals of this company are pretty damn good.
CITP penny stock has rocketed up over 100% on 8 consecutive green days…all for earnings expectations. Well, earnings came out and they’re quite poor but what else can you expect from this company? CEO said that their huge debt line will be reduced even slower than it was in 2008..not good considering how much debt they have stocked up. Taking the dismal earnings and over-inflated price I’m possibly thinking about shorting this sucker.
COT will this be another penny stock earnings runner like we’ve seen lately? (i.e. DDRX, LNET). Definitely a potential buy only if there’s a big presence of buyers from 10:30am and on! Many are thinking about shorting this but people….they reported a 1st quarter profit.
Let me refresh your memory on what the last 2 penny stocks did that reported profit-turning earnings.
Will COT act the same?
