Aug 27, 2010 10:04 AM PDT
There’s nothing more rewarding than a stock that’s moving in a big way, like these following penny stocks have been. In many cases the move may have been overblown, so don’t inherently assume these trends are here to stay. However, they were shakin-n-bakin enough last week to get our attention, so there may be something to them. (Click on the bold company name/ticker heading to view the chart.)
Nevada Geothermal Power Inc. (NGLPF) – The low of 25.7 cents back on March 17th coincided with a hammer-shaped reversal bar, and a rebound all the way up to the current price of 43 cents. In fact, we reached as high as 46.7 cents earlier on Monday, pretty much matching January’s peak.This may be one you want to wait for a good pullback with though, before jumping in (as we can already see).
Beyond Commerce Inc. (BYOC) – Love the surge/hate the surge. If you happened to be in Beyond Commerce Inc. before the move from 50 cents to Monday’s peak of 1.88, go ahead and take what profits you’ve got for what was formerly a penny stock. The slide all the way back to the current price of 1.33 should be taken at face value as a reversal clue (even if temporary).
LifeVantage Corp. (LFVN) – Nice move, and probably one that has some longevity. On the other hand, this leg of the rally is getting a little long in the tooth for this penny stock. If you want in, you may want to wait for a pullback and see if it regroups at or near a key moving average line.
China Energy Corp. (CHGY) – This penny stock shouldn’t be confused with China Energy Recovery Inc. (CGVY), which we’ve covered extensively here at the site. The chart of CHGY speaks for itself – a clear change in direction, and all kinds of room to recovery what was lost last year. You still may want to pick and choose your entry.
Modavox Inc. (MDVX) – Sell it. Just sell it, take your profits, and run.
That's it for now, though the list is always being updated. Be sure to check back tomorrow (and every day) for the next round of trade-worthy or news-worthy penny stocks. Better yet, sign up for the free e-newsletter and get all this information, plus more.
