Here’s our list of trending penny stocks to watch, valid up to the time
we uploaded this list. Before you invest in these trending penny stocks
please recheck the list as penny stock tend to be quite volatile.AMR Corp. (AAMRQ):
AMR Corporation is the parent company of American Airlines and has been
zooming during mid-day trading today. Our last check which was a few
hours back, AAMRQ rose to
.582 (up 1.25%) on a trading volume of
just under 950,000 (down from the usual average of 2.57 million). In the
last 3 trading sessions, AAMRQ has gained and impressive 14%.
AMR Corp. had reported that its business has received good response
during this holiday season. Merger discussions too are gaining momentum
and there are indicators of a possible merger coming through by year
end. All this perhaps explains why AAMRQ has been doing well in the
previous 5 sessions.
Also, having crossed the
resistance level, AAMRQ has been gaining ground at each of the previous 5
trading sessions. In our opinion the pattern should hold over the next
couple of days.eLayaway Inc. (ELAY):
Another stock that
did well for itself during mid-day trading today was ELAY. eLayaway Inc
is primarily a technology company that specializes in the payment
industry. A check over the previous trading patterns indicates that ELAY
had been earlier losing ground. Currently though, ELAY is trading at
roughly 21.43% higher from previous lows on a volume of just under 60
million (daily average 38 million).
In case you are wondering
why ELAY is doing well, it recently released a hosted layaway solution
aimed at small to medium sized businesses. Industrial insiders claim the
software solution fulfills a need and should therefore do quite well
boosting the company’s finances.
We recommend you watch ELAY to see if it goes past the
.03 resistance. If it does, this penny stock should do quite well.A123 Systems Inc. (AONEQ):
A123 Systems Inc. develops and manufacturers rechargeable lithium-ion
batteries. Having filed for bankruptcy in October, the company announced
that it was selling to a Chinese buyer. It further announced that it
will shortly be the recipient of $50 million debtor-in-possession (DIP)
financing. The cash inflows from the sale as well as the financing will
definitely keeps its working cap afloat and give this company new
impetus. Not surprisingly, AONEQ stock has bounced back in today’s trade
- this is our ‘worth watching’ stock.Southridge Enterprises Inc. (SRGE):
Enterprises has been in and out especially when it acquires some new
mine or exploration and development rights in Mexico.
Southridge Enterprises announced that it signed an agreement with Gran
Cabrera and Cinco Minas for developing gold and silver mines in Mexico.
Not surprisingly, SRGE is currently 23.21% up (91.49 million shares).
SRGE is our second ‘worth watching’ stock.
The nature of penny stocks
is such that stocks that rise rapidly during a few trading sessions
often go ‘quiet’ or lose their gains. You are therefore advised to
recheck each stock we listed in our trending penny stocks to watch list.
Above all, also visit the company websites to see if the company you
are interested in, has made any new announcements that are likely to
impact it’s financial or market position.
Check out also for Hottest Penny Stocks