My screen for bounce plays, involves a mixture of high-risk knife catching setups with out-sized reward setups, should the stock bounce as their internal indicators are starting to suggest. These stocks have taken a royal beaten of late, and while the trend could very well continue down in the short-term, there is becoming an increasing likelihood that these stocks could bounce any day now.
I annotated the ones with strong support levels that are being traded at, and may work as a launch pad to higher prices. Of those listed below, I like SuperMedia (SPMD) the best as it is trying to put in its second higher-high off of the bottom it reached back in mid-May.
Here are 6 Stocks Ready For A Bounce.
Welcome to Swing Trading the Stock Market Podcast!
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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
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