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5 Penny Stocks Worth Considering for a Trade
Written by troy on Sunday, November 06, 2011 | No Comments
Categories: Penny Stock Alerts
Below you will find a few penny stocks that may be worth considering for a trade. Each of these penny stocks is just below its 50 day moving average and if they break above this level may be poised for a large run. Put them on your watch list and look for an opportunity to trade. As always, do you own due diligence and if you decide to enter a penny stock trade make sure that you have a trading plan in place and that you execute the plan. Do not allow the stocks to move against you in a large way. Well having given that warning here are the five stocks for you to do further research on.
Coldwater Creek (CWTR)
The stock is currently trading at $1.10 and the upcoming holiday shopping may provide the company a boost. However, I don’t trade on fundamentals. I trade more on technicals and like the fact that it is sitting just below the 50 day MA.
GSI Technology (GSIT)
This stock is currently sitting at $4.81 and earnings came out a little more than a week ago so there hopefully aren’t any surprises in the near future. The stock could drift higher from here if it can conquer the 5o day MA.
Pacific Sunwear (PSUN)
Since it is starting to get cold in the midwest it makes me long for the beach. PSUN fits this bill. It tried to make a breakout a few days ago when it ran to around $1.40 per share. However, it has pulled back slightly and may make another run at busting through the 50 day MA. It is currently at $1.24.
Sino Clean Energy (SCEI)
This is a Chinese penny stock currently trading at $1.13. I get a little nervous with Chineese penny stocks but they can run in a big way when they start to move. Back in July this stock doubled in value in about 1 1/2 weeks. It could do it again if it can break above the 50 day moving average. Keep an eye on it and keep an ever watchful eye if you decide to enter a trade.
Sun Healthcare Group (SUNH)
This whole group has been battered and beaten within the past year. It seems to be basing a little bit and may provide a nice percentage gain if it can get a little momentum and break through the 5o MA. It is currently trading at $2.93.
Penny Stock Breakouts
Written by troy on Wednesday, July 20, 2011 | 1 Comment
Categories: Penny Stock Articles
I have been trying to decide what to do with this site to make it useful. I think I have finally settled on a course of direction. Over the years that I have been trading penny stocks, I have come to believe that the most effective way to trade penny stocks is to find stocks that are breaking out.
Breakout penny stocks provide the trader with the greatest amount of potential profit in the shortest amount of time. The power of breakout stocks is incredible. Take the example of New Energy Systems Group (NEWN) just yesterday (7/19/2011). The stock opened at $2.35 and rose as high as $4.25 and finally settled in at $3.93. The change from the day before represented nearly a 71% increase in share price in only one day. This is only one example and yet dozens of examples like this exist in the marketplace everyday.
So I believe that I will begin to write about how to play some of these breakout opportunities and begin to make regular posts to provide lists of penny stocks that are breaking out. Hopefully they will provide you with penny stock trading ideas. What you do with those ideas and how you execute those trades will be up to you.
So keep checking back. I will add a new category on the side that will be titled “Breakout Penny Stocks”. You will be able to find all of the articles related to breakouts in that category. Hope to see you soon.