Here's today's list of penny stock trading ideas, which are generally short-term in nature, and prompted by a specific event or hint - usually high volume.
Note that with this particular batch, a few charts haven't solidified quite as much as we'd like, though they're close enough now that you should at least get them on your radar. Also, be aware that not every stock is actually a breakout candidate.... a couple of them seem to be setting up bearish breakdowns.
If you're looking for something longer-term, be sure to take a look at today's penny stock picks.
In no certain order, today's shorter-term penny stock ideas...
G-Willi Food Intl. (WILC)It's not just yesterday's high-volume gain that got our attention - it was the wild swing we saw from the high to the low over the prior three days. That should have shaken a lot people out (bears and bulls), and essentially reloaded the interest... so to speak.
Riverview Bancorp Inc. (RVSB)The big dip in high volume yesterday inflicted a lot of damage. We're seeing a partial offset today, but if you look closely, you can see the wedge pattern has already been broken on the support side. Still, penny stocks make for risky shorts - tread lightly and carefully.
PDI Inc. (PDII)Huge volume yesterday, and a slow rally over the last two months. PDII has the ability to accelerate quickly (see January and February), and this one could retest $5.00 or $6.00 sooner than you think.
CFS Bancorp Inc. (CITZ) Another penny bank stock, this one found resistance at some key moving averages, and hit a multi-week low close yesterday thanks to a high-volume selloff. Support seems to be resting at 50 cents.
Aristotle Corp. (ARTL)We like yesterday's huge volume, and we don't entirely mind the big pullback from the high. Now we just need to see if the market was using the brief peak as a way to start piling out. After all, the retest came only after January's high had been topped for the first time. This one looks a little overbought in the short run, but if the bulls can regroup and reload, this one's interesting.
That's it for the short-term ideas. Check back Monday.
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