We had more penny stock picks than usual today (short-term and long-term), so we’ve broken out our usual list and commentary into two. This one’s the longer-term pick list, which are intended to be held for days to weeks… and should be a relatively modest rise by penny stock standards.

If you’re looking for shorter-term recommendations, be sure to visit today’s Penny Stock Breakout Trade picks.

In no particular order, here are Wednesday’s longer-term penny stock recommendations….

CCF Holding Co. (CCFH)

CCF Holding has been working on the slowest recovery in the history of stocks. That’s ok though - the slower the reversal, the longer it lasts.

The momentum started to turn for the better in March, but this turn has something very important other ones didn’t… volume. In fact, it’s the healthiest we’ve seen this stock act since mid-2007 when it was trading above $20.00.

Though we can’t quite see why, somebody’s buying this stock again. Perhaps they know something we don’t. At 95 cents, we can afford to go along for the ride and find out what it is.

TAM S.A. (TAM)

This isn’t the only ADR that made today’s list, and we know in the mid-$7.00 range we’re pushing the definition of a penny stock. We just like the combination of the renewed momentum on the chart, Tuesday’s huge volume (perhaps an omen?), and the airline’s ability to manage the business well through the heart of the recession.

The stock’s trading at about 1/3 of its value before the market imploded.

Grupo Simec S.A.B. de C.V. (SIM)

This Mexican iron and steel company isn’t technically playing host to a penny stock either - SIM shares are above $5.00. But, the upside opportunity is very penny-like. Basically, with swine flu worries winding down and a global stimulus kicking in, infrastructure is at the forefront. That means everyone, everywhere will need building and manufacturing materials.

SIM’s starting to pull out of a long consolidation phase too, breaking resistance and closing at its highest close since November.

(Side note: We picked a Mexican engineering stock in another pick list today.)

Global Crossing Ltd. (GLBC)

Global Crossing’s Q1 really wasn’t all that impressive, but the market seems to be ok with it. The bears took a swipe, sending the stock all the way back to the 20 day average line yesterday. Then the bulls stepped in again, salvaging most of the decline… with a lot of volume. The rebound simply continues what’s become a long and quiet recovery effort.

We recommend getting in before more resistance lines break. As long as the market doesn’t get completely whacked in the near future, the breakout could take hold within days.

Caution: Global Crossing ain’t gonna’ be profitable anytime soon, so don’t get married to it.

That’s it for today, at least for the longer-term penny stock picks.

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