Penny Stocks to Watch by Stock Analyzer
Submitted by Stock Analyzer
Penny Stocks to Watch
Here are my stock scans for early this week
SLON posted thursday night at .012 and we hit .018 friday. Will look to see if we can continue to hold over .008 .009 range and test .018 .022 resistance ahead
ETHS "could" pull back a little after last weeks rally, will need to hold .10 range imo and will look for it to break into the .40s or maybe .50s by weeks end
SCHM Nice chart here setting up, resistance at .012 then if we can break that we "might" test top bollinger band at .026 but will more than likely have a little resistance at .02 (mental resistance) Must hold .008 50 MA line and .006 200 MA line below
AMD MUST continue to hold over 8.80 range here and break above 9.10 to start making higher highs
EZTO shot in the dark play, must hold .008 .006 and might be good for a daytrade to .012 .014
GS on watch for the week symetrical triangle formation, higher lows but lower highs, if we break over 225$ we could test 240 250 targets. MUST hold 210$ to remain in play
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Labels: penny stocks, SLON ETHS SCHM EZTO GS
posted by km @ 12/09/2007 09:07:00 PM
2 Comments
2 Comments:
I would like to take a moment to talk about low price stocks not classic penny stocks or stocks under one dollar that trade on the over the counter bulltin board the term most people most often think of when the word penny stock is used. The single most important thing that investors must realize about low price stocks or stocks under five dollars is this’ their are companies of really decent quality trading under five dollars’ but for every one company trading under five dollars that is of decent quality their are maybe ten of poor quality. So the really big difference between those investors that are tremendously successfull when it comes to investing in low price stocks and those investors that lose enormous amounts of money investing in stocks under five dollars’ is having a great deal of knowledge and experience when it comes to low price stocks’ or having a total lack of knowledge and experience when it comes to low price stocks. Finding quality stocks under five dollars requires a lot more research than finding a decent stock above ten dollars.
More and more investors are taking a closer look at penny stocks.
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