Now be aware, that these kinds of stocks carry huge risks to them. A simple downgrade, news event, or missed earnings target, can derail these small-cap stocks in a heart beat. But if you have some capital that you want to roll the dice with, these stocks will give you a good start in your research.
Keep an eye on Ariad Pharmaceuticals - it could definitely see a push to $10+ if it manages to break $8.58. Another is Power-One Inc (PWER) which is trying to form a double bottom at its current levels, and Depomed (DEPO) a high risk drug play, has some support at the breakout level of the late January gap-up. Finally, USA Technologies (USAT) has formed a double-bottom and is looking to breakout to new highs at $2.70.
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Ryan (@shareplanner) specializes in swing trading strategies and is the founder of SharePlanner which he created to help and teach others on how to trade stocks better using multiple approaches and time frames. Each day you can count on Ryan to provide his trading advice as well as transparency in every trade that he makes. Ryan Mallory resides in Central Florida. More >>
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