9 Penny Stocks To Watch That Could Make Your Day
CAR vroooooom – as in it’s been going and going and going, maybe caused by the “stock rocket” emails or the sketchy motley fool article but definitely keep this penny stock on watch as I have the past few days. It’s running into some stiff resistance at 2.36 based on the daily chart, so keep that in mind. An outlet to short my come open if it breaks to the downside passed 2.27 intraday support. We’ll see what today has in store.
ABD pretty good history of spiking and falling the next day, so this spike may be no exception. Not really my fave because it hasn’t gone up multiple days but hey! 44% in one day ain’t bad..we’ll see if it can give back any of that today, be on watch for a short trade, though don’t expect too too much.
FRZ this penny stock is up another 19% even after giving back a good .50 cents on the day. It did crack some real important support the last 5 minutes of the trading day @ 3.50, so this sucker could gap down in the morning..I would be cautious shorting a real big gap down. If you and I are lucky it won’t do that and give us a better short play…if it doesn’t continue going up.
DDRX is a penny stock up on earnings that I talked about yesterday..It’s more of a short than a buy right now, but on the same token I don’t think it’ll be a predictable collapse so I’ll just avoid it for now. It has been pretty volatile though, so maybe one of you could make a nice day trade buying or shorting…but I’m not gonna fool with this penny stock.
IFDG setting up for yet another breakout on a very good “stair stepping” penny stock run keep an eye on the .04 price point..if it breaks above that then watch out it could blast to higher highs. Key on this penny stock is volume, it is only a legit breakout if volume comes in. I’m looking for a million or more shares traded and maybe it’s a buy.
DFR maybe all the short squeezes are done with this penny stock and this sucker can go back down where it belongs? Pay attention to that 200 day moving average as the price closed just below it which could signal further weakness. I really don’t think it’ll go back above 4.00 but that remains to be seen. I’m pretty bearish on this penny stock..expect a gradual fall instead of an all out tank like we saw a few days ago. Because of that and my lack of patience I probably won’t be messin’ with this penny stock.
NGNM this penny stock may infact get some buyers after yesterdays break out, whether I’m one of them I’m not sure but it’s showing some good volume on the clean breakout passed 1.20. If it gaps up in the morning that should be sign of the direction this penny stock is heading.
PSUN fourth consecutive day going up, is today the day it takes a breather and allows us to short? This penny stock actually has some kinda choppy price action on the 5 min chart, which I don’t like since there’s not a clear defined resistance/support. Anyways pay attention to the 200 day moving average at 3.66 cause it’s almost up there and that could provide resistance and possibly an alley to short into.
QELP making a good run from 1.00 closing at 1.61 today..but I’m not real sure why this penny stock is running up. Latests news they’ve had is the SEC giving them a delisting notice (baaaaadd). Support is defintely at 1.60, but even if it does break that the risk/reward just isn’t too great with another support line at 1.50. I’ll pass on this one, but it could be a good quick trade if you’re up for it.
Trade Penny Stocks? Here’s 7 To Watch
It’s probably going to be pretty boooorrrring out there today with not many stocks grabbing my attention for a screaming buy/or short..but that’s how it is sometimes. Blame all these penny stock promoters!
DDRX yesterdays big penny stock gainer going up 130% but for good reason: they reported some legit earnings. Whether this is going to be a good buy/good short is 50/50 right now but I guess we’ll have to wait and see what happens today…if it makes intra-day higher highs then it’ll be a good buy for a daytrade ONLY. Any signs of weakness, i.e. green-to-red price action look to short this sucker.
FEED if this penny stock can open @ 4.24 or higher the chances of it going higher on the day are pretty good. Keep on watch, but also realize that the 200 day moving average is lurking up there.
FRZ this penny stock went up 55% with no news coming off the wire. Something’s up with this lousy penny stock company…stock promoters, news leak, message board pumping? Keep this one on watch for a potential short, don’t be surprised to see this have some more strength! You’ve seen these penny stocks lately they seem to have 2-3 more leg ups after the intial pop.
INSM has enjoyed a nice little 50% run over the past few days courtesy of that nice breakout over the 1.00 range. Yesterdays trading marked the first day in this run up that these penny stock traders had a little indecision with this stock..especially in the afternoon. If you look at the 5 min chart you can see that the afternoons have traded fairly flat during this run up..but not yesterday which leads me to believe the run may have run out of gas. Look for a short if it cracks the 1.32 range..but only look for about a .10cent quick profit as there’s some support down in the 1.20 range.
NANO a little lift-off the past couple of days probably of earnings speculation which are due to be reported on Thursday. I probably won’t play with this penny stock cause I don’t mess with earnings but it could be a good short..if earnings are bad.
CAR has been on my penny stocks to watch for a couple of days now but has yet to really confirm a short trade, besides some wild swinging we saw on Monday. Look for tomorrow to be a deciding day…It’s not really my favorite to short though cause of the long sideways action we’ve seen. We probably won’t see a quick drop and I just don’t have the patience for a gradual decline nor would I waste one of my precious daytrades (I only have 3 a week) on it. Nevertheless, keep it on watch.
Check Em’ Out..11 Penny Stocks To Watch: Potential Shorts/Buys
Pretty bad day for the overall market yesterday as most stocks ended the day down on some more banking fears. I really do believe many of these banks still have not come clean about all the junk/bad stuff that’s tied up in their banks. But believe me I do think it’ll all come out, and the market is going to react negatively to it..as we saw today when word got out that Bank Of America has a stock pile of bad loans.
For now though, lets focus on some penny stocks that have been greeeeeen lately!
SCON big 150%+ manipulated move we’ve seen the past 2 days on a sketchy PR, was up 50% Monday before the PR was even released yesterday. I’m feeling a like a short play is building up..but don’t be surprised if this shows some more DFR -type strength tomorrow, I’ll like it even better then more strength=better short!
ATCO this little penny stock has a pretty cool swagger going on right now, they’re the leading innovator of LRAD (Long Range Acoustic Devices.) Yea so what is so cool about that? Well, it’s being used to help prevent pirate attacks off the coast of Somalia. Been getting a lot of media coverage so that’s the cause in the recent rise in price. Pretty kewl cool little penny stock, any of you risk takers think this coverage will carry it further?
CAR was on my watch list from yesterday and swung around all over the place ending about even on the day. No news or coverage on the recent spike up so no one knows what’s really up? Pay attention to that 2.00 mark. If it breaks 1.80 this penny stock could get a little tank down to the 1.60 support (yesterday’s low), if it breaks that, then, well you know the drill…
CNXT penny stock has gone 100%+ passed 2 days, reminds me a of SCON ( look up there ^). No news that I can see, UNLESS the earnings got leaked that they’re due to report next Thursday. To quote someone from the lousy yahoo message board : “ITS GOIN TO DA MOOON”…I’m not so sure that I agree. A break of 1.50 and this penny stock could tumble to 1.30..easy.
DFR had an early morning drop yesterday that I didn’t get in on, but shoulda woulda coulda, right? Flatlined the rest of the day, I’m actually surprised we didn’t see a big short squeeze on this sucker? Remember guys this penny stock went up 100’s of % and it ended yesterday down 17%. If you think that’s it, think again. More to come on the downside…hopefully. Look for a break of 4.00 to be a clue of further downside.
FEED I personally don’t like messin’ with this penny stock, but it could be a potential buy here if it breaks 3.68 level intra-day tomorrow. Keep it on watch as alot of people had it short the other day, yet it made a comeback.
KKD pretty fundamental news they had..Krsipy Kreme says they might open 160 stores internationally by 2010. International exspansion..thats what I like to hear. Plus they narrowed their losses this quarter. Even though it may go lower before it goes higher, I’m not a buyer or a short-seller on this penny stock. #1) I like Krispy Kreme donuts. #2) the pattern isn’t as predictable as it is with these other pumps and dumps.
PIR stalled in it’s latest run at the 200 day moving average. Down -14% yesterday…company is going no where right now in this sector and with their earnings losses. Potentially more downside today?
PNX this penny stock has been steady but slowly rising for the past month and half on their TARP situation. Turns out, they’re not getting help with the TARP fund…..watch for a break of 1.50 cause this news could potentially make them a grand short candidate. Methinks it won’t see the lights of 2.00 for a while.
SLTM spike up of 75%+ in 2 days on a horrible down-trending chart only says one two things: potential short! No news, no good earnings, no good company, no nuthin’. BUT I would love this penny stock to go up more though, just to make shorting THAT much easier. It’s looking like 1.40 is some stacked up resistance, let it go higher if it breaks that. If it can’t break it, look for a short play.
RT I don’t like this stock/penny stock. Moves too slow, but hey if that’s your thing then go for a buy/short.
8 Of The Hottest Penny Stocks
Keepin’ it short today cause I gotta to leave in a second.
DFR
APAC
CAR
ADVNB
CNXT
PIR
QTM
UIS
Hot Penny Stocks To Consider Shorting
Hello Pennystockers!
A few very nice penny stocks to are setting up to potentially short today. No potential buys
DPTR has been overbought penny stock for a while now on no news that I can see. Yesterday was its first down day after 4 big candle up days so methinks there is more to go on the downside than the lousy -3% we saw yesterday. Lets talk about its intraday action the past 2 days… it looks like 3.75 is the all important price point here. If it takes this out today there’s a good chance it could tumble from there. By looking at the 6 month price action chart, I’m thinking that if we close below 3.90 support this is could be a good bet to hold overnight for continuation of a a negative run.
DFR holy 300%+ run up in 3 days on news that they’re getting funded $75 million by Pegasus Capital. This is great news, but the penny stock is just getting tooo over-extended off of it. Definitely a potential short if it can make a green-to-red move, or bust through 3.58 support. If this thing tanks right from the gate from early morning panic be mindful of a short squeeze, as shorting at this time would be very risky. Definitely my favorite for tomorrow!
SBKC keep this penny stock on watch for a potentially good short. 100%+ run the past couple of days on ZERO news. I think if it goes red right at the open then it’d be a good short then because of the risk/reward this penny stock play has. Only risking a few cents to 1.35, compared to a reward of 1.12.
ADVNB very very nice 100%+ run in 3 days for this penny stock. No news on the wires reguarding them since February so I have no clue why the big run-up. Must be a typical pumped penny stock..any of you getting emails, or faxes? Watch for a potential short today, should stall around the 2.00 range…if it doesn’t stall before then.