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.
When I last ran this screen, I told you that Power-One (PWER) was sporting a nice triple bottom, and should move higher. Well since then the market took a nasty turn, but PWER managed to hold its own by actually moving higher by 3%.
This time around, I'd like to throw two more stocks at you. The first being Brocade Communications (BRCD) which saw a huge gap down earlier this month, but since has put together a double-bottom, and the prospect for a potential 20-25% move to fill the yet-to-be-filled gap above. The second one is American Superconductor (AMSC) which is making a higher high, reversing course, and if it can break the 50-day moving average, a move in the $8's is likely. But you may want to wait for a mild pullback, as it is fairly overextended off of recent lows.
Here is the complete list of $10 Lottery Specials.
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 with a wife of seven years as well as one lively son. More >>
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SharePlanner provides swing trading, day trading, options income, and speculative strategies for traders. You will find a wide array of material to help develop and hone your trading skills and abilities, from videos and courses to learning about specific trading strategies. As always, SharePlanner will provide the best actionable trade ideas for "right now" as well as all of the research and technical analysis that you need to make you a better and more profitable trader.
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