Monday Penny Stock Watchlist: Four Stocks Worth Watching This Week
Where should I look to find a penny stock thats making moves? How do I find the names of stocks worth investing in? Theyre pretty common questions here at Penny Sleuth HQ – and theyre questions that we attempt to answer each Monday in our Penny Stock Watchlist…
Every week, we drum up a list of penny stocks that are exhibiting abnormal volume, strong technicals, upcoming news, or another catalyst that suggested they might be making a material move in the coming week.
With investors interest in the market rekindled after a strong week for stocks, its time to look at four stocks that are set to move right now.
First, lets see how last weeks Watchlist performed. Last week, all five stocks on our Watchlist moved in the direction we predicted on Monday, with one stock – LiveDeal (NASDAQ: LIVE) – brining in as much as 11.4% returns in just five trading sessions.
Thats a compound annual growth rate of more than 273%!
And while our Watchlist errs on the safe side of small-caps, using technical analysis to tell us where a stock is headed, we opened the comments up to readers last week, giving you the chance to offer up more speculative penny stock plays – and win a special edition DVD of I.O.U.S.A. in the process…
Bringing in the top honors last week was Penny Sleuth reader Stanley S., whose Continental Prison (PINK: CPSZ) pick brought in 71.4% returns last week. Also in the winners circle was Sandra M., who eeked out a 30% jump in San West (OTC: SNWT) and Louise, whose BioLargo (OTC: BLGO) pick raked in 33%. All three of our winners will be getting a Penny Sleuth Prize Package in the mail for their trouble.
Youll get another chance to win this week. More on that in a minute…
First, onto this weeks Penny Stock Watchlist:
American Science & Engineering (NASDAQ: ASEI) – This Massachusetts-based security stock delivered awesome second quarter earnings last week, prompting buyers to go on a rally, and pushing shares up more than 7% on Friday. Expect strong technicals and buyer sentiment to keep this stock rising in the coming week.
GeoGlobal Resources (AMEX: GGR) – This $91 million oil and gas exploration company focuses on finding commodity reserves in India. And while theyre far from profitable at the moment, as far as an intraweek play is concerned, the bullish technicals and uptick in volume on this stock right now make a good enough case for picking up shares.
Video Display Corp (NASDAQ: VIDE) – Video Display Corporation is a designer, manufacturer and supplier of CRT and flat panel display devices. While Video Display Corp. is higher on the volatility spectrum than our other Watchlist stocks this week, increased investor visibility should serve shareholders well.
Global-Tech Advanced Innovations (NASDAQ: GAI) – This weeks only short play, Global-Tech Advanced Innovations is a Chinese consumer products maker. This low-volume stock is currently trading just under significant resistance at its 200-day moving average. Watch for this stock to hit its head on resistance – otherwise an upward breakout could hurt those betting against the stock. Watch this one closely if you decide to play it.
How to Play SFNL
Penny Sleuth reader Mark D. wants your help this week:
“I would like to see your thoughts on a small company in the electronic payment processing business, Secured Financial Network (OTC: SFNL), the float is roughly 28M and tightly held so it trades thin, chart indicates long term accumulation and the company does not engage in putting out fluffbomb PRs and is growing Q over Q even during the current economic crisis. I am a long term holder in that stock and would like to hear your opinion on it…”
Have an opinion about SFNL? Just post your analysis in the comments section of this article. You can even post your favorite penny stock pick at the same time…
Share Your Penny Stock Picks
Once again, were going interactive this week… And giving readers the chance to win a free copy of I.O.U.S.A. in the process.
Just post your recommendation below in the comments section of this article between now and the markets close on Friday, November 13. The two readers with the best performing picks each score a Special Edition DVD of the award-winning documentary.
Cheers,
Jonas Elmerraji
November 9, 2009
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