Monday Penny Stock Watchlist: Digesting the Fundamental Data
Fundamentals own the market this week. With earnings season well underway and fallout from the Goldman Sachs situation sure to impact stocks all week, it should come as no surprise that investors’ actions are going to be pegged to hard data.
Although shock over the Goldman debacle shoved stocks down hard on Friday, that news looks like it’s been no match for the uptick in earnings that companies have been reporting this week. The increase in trading activity that comes hand in hand with earnings season is always a good omen for penny stock traders. After all, increased volume on thinly traded penny stocks improves the probability of a successful trade.
That’s why I’m putting four more plays on the Penny Sleuth watchlist this week…
In case you’re not familiar, each week, the Penny Sleuth takes a look at 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.
As usual, while our Watchlist errs on the safe side of small-caps, using technical analysis to tell us where a stock is headed, we’ve opened the comments up to readers again this week, giving you the chance to offer up more speculative penny stock plays.
Check out the comments after this article to get a glimpse at a slew of new user-submitter penny stock picks – and the chance to submit your own!
First, though, let’s take a look at this week’s breakout penny stocks worth watching… Remember, if you want to get first crack at these penny stock plays, make sure you’re following me on Twitter!
Rural/Metro Corp (NASDAQ: RURL) – This small-cap fire protection company is bouncing off of the 50-day moving average and uptrending support, a move that has double the downside protection. Expect shares to stage a move higher in the next month thanks to this overwhelmingly bullish pattern. Don’t get greedy – this pattern should pitter out around $8.50.
Cornell Companies (NYSE: CRN) – Private corrections and detention service provider Cornell Companies operates prisons for a number of federal, state, and local law enforcement agencies. The company is staging a breakout following merger news. The potential to catch some of the momentum could come about this week.
3SBio Incorporated (NASDAQ: SSRX) – This emergent biotech company may have double-digit margins and commercially viable products in its pipeline, but the stock is currently exhibiting a bearish head and shoulders chart pattern. Keep an eye on 3Sbio – if shares break down below the shoulder level line, it’s time to bet against them…
Winner Medical Group (NASDAQ: WWIN) – Winner Medical Group doesn’t appear to be living up to its name – the company broke out of its ascending triangle pattern, a sign that shares should make a lower move before the end of the month. Sure enough, they’re living up to those expectations. If you’re going to short shares, be very careful, it’s a small enough stock that you could easily get squeezed.
Share Your Penny Stock Picks
Once again, we’re going interactive this week…
Just post your best penny stock pick in the comments section of this week’s Watchlist by Friday, April 23.
Cheers,
Jonas Elmerraji
Managing Editor, Penny Sleuth
April 19, 2010
Monday Penny Stock Watchlist: Digesting the Fundamental Data was originally featured in the Penny Sleuth.
This story was originally featured on Penny Sleuth.
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,812,371,845 |
| Stories: | 8,654,557 |
Whistler Blowers, Insiders
