While I mostly trade higher priced stocks...I also have a list of about 40 names under $10 I will look at twice a week. (Sunday and Wednesday) Most times when I am in a swing trade, it comes from this list. I have a prop acct that allows me the freedom to use margin with no PDT rules so I can really take advantage of some of these bounces in the lower priced names. If anyone is interested in learning more about my prop firm, email me for details email@example.com
Here are some names on watch for the next few trading days:
ZNGA As long as $3.40 holds up I am watching for that 1/2 day run to $4... This one is getting a lot of attention from many sources. To me, it's all a bunch of noise...I let the chart tell me whats going on and as long as we keep getting daily closes above $3.40 I will be watching for that next squeeze.
XCO Broke out of its channel today with good volume...Over $7 I have a $7.60 target
PWER With support at $4.20 I'm watching for a bounce. $4.40 then $4.60s
MCP Bullish Engulfing candle today covering the prior 3 days price action. Looking for 15 million+ volume and a move to $7.
LEAP Great trader...if we break $5.40 this could squeeze higher potentially to $6. LEAP is volitile and can move so well when it catches a bid.
JVA Looking for $7.60 break out from its current channel, if we get that $8 target.
ARNA $8.50 is my line in the sand and back to back closes have me thinking something may be brewing here. Watch for $8.50 to continue to hold and $9 may be in the cards.
ANR Great move today looking for follow through to test $9
ACI Break over todays high and this is a candidate to test $5.50 then $6