An Exclusive Penny Stock Trading Opportunity

Today, I want to cut to the chase and offer you an exclusive trading opportunity…

I’ve received scores of e-mails saying that the Penny Sleuth’s weekly Watchlist gives you significantly more trading ideas than you’d otherwise have access to – plays that many of you have leveraged to make substantial gains in the past. But overwhelmingly, the suggestions have been the same: you want specific buy and sell advice for technical penny trades.

Well, over the course of the last year, I’ve been developing a more robust technical system for selecting penny stock setups, one that I’m finally ready to share with you. Unfortunately, with 400,000 Penny Sleuth readers, there’s just too much buying pressure behind publishing my research to the Sleuth, so instead, here’s what I’m going to do:

I’m inviting all Sleuth readers to participate in a beta test of my new trading service on a first-come, first-served basis. Spots are extremely limited – I can only grant a small number of readers access to the beta, and readers need to be willing to provide me with feedback. If this sounds like an exciting opportunity, you can get all of the details here…

Hurry though; it’s likely that we’ll be forced to remove the sign-up form later today.

Now back to the traditional Watchlist for 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!

Hudson Highland Group Inc. (NASDAQ: HHGP) – The first chart I wanted to bring to your attention isn’t a new play for this week, but rather a recap of profits Sleuth reader had the chance to rein in last week. HHGP fell 10% intraweek on a bearish head and shoulders pattern. While shares are reversing today thanks to a bounce off of support, hopefully you were able to take advantage of what amounts to a very large short-term profit.

Horizon Bancorp (NASDAQ: HBNC) – Another chart featured last week still makes for a potential play today; that stock is Horizon Bancorp. Since last week, this company’s bullish ascending triangle pattern has slid above the 50-day moving average, a good sign for long-side investors. Consider getting into shares on a break above $23.

Simulations Plus Inc. (NASDAQ: SLP) – A very similar upside pattern is forming in shares of Simulations Plus, a company that develops software for pharmaceutical research and education. Shares have been forming a textbook ascending triangle pattern since early May. Wait for a push above $2.50 before going long.

Ship Finance International (NYSE: SFL) – Ship Finance International is another bullish pattern that could break out in the short-term. As soon as this stock breaks above resistance at $21, I’d recommend buying shares with a protective stop loss below $18.

Share Your Penny Stock Picks…

Once again, we’re going interactive this week…

Just post your best penny stock pick below, in the comments section of this week’s Watchlist, by Friday, August 20.

[Independence Note: Unlike scores of other penny stock resources, we’re 100% independent from the companies we talk about in the Sleuth – that means that we never accept compensation in exchange for profiling a company, and our editors never own a position in any stocks they talk about.]

Cheers,
Jonas Elmerraji
Managing Editor, Penny Sleuth

August 16, 2010

An Exclusive Penny Stock Trading Opportunity was originally featured in the Penny Sleuth. Check out Wall Street’s 5 Most Profitable Penny Stock Patterns Report.

This story was originally featured on Penny Sleuth.

Read more at Penny Sleuth :: Jonas Elmerraji