Hello Members, lets hope the market doesn’t “Fool” us tomorrow for April fools day.
Below are a few penny short term day trades along with a few potential “Swing Trades” for you to take a look at for the upcoming week.
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Possible Day Trades for April 1
LQMT – The only reason here is previous support at $.077. I think we could see a bounce back to $.085 to $.09 to sell and make a quick 10%. Stop at $.07
SAPX – watch the 20 moving average line at $.0056, now we probably wont hit this Monday but my hunch is maybe this week we finally pull back to support and then see a bounce back to $.0066 to $.007 for a quick scalp. Let this one fall to support
Potential Swing Trades for April 1 – 5
OCZ – Pulled back all the way to fill its gap after a large run. Stop at $1.70 with short term swing target of $1.96 to $2.00 which would be 8 – 10% trade.
SIRI – Starting to form a base here in the $3.00 to $3.05 level. My stop would be firm at $2.97 which is the previous low from February 26. Swing target of $3.25
VELT – Here is a stock with a large fall recently but is now in a classic “Consolidation” phase. Support and stop at $1.85 which is our previous low. Short term swing target of $2.10, $2.16 and possible $2.50 ahead.
More Posts by this author
- FNMA and FMCC Stock Updates
- 5 Penny Stocks Under $5 for Monday April 1
- The Next BIG Penny Stock Alert
- Tuesdays Closing Penny Stock Trades
- Mondays Closing Penny Stock Trades
- Mid Day Penny Stock Report
- The Penny Stock Market Look Ahead
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Post Written By: Jeff Williams
My name is Jeff Williams of TopStockPicks.com. As a trader, I have spent the last 15 years navigating and scanning the penny stock markets. I don’t know anyone who has the breadth and depth of penny stock experience that I do. Through my proven methods I have consistently found some of the markets biggest and most profitable trades…and the great news is that I will share them with all of my subscribers.
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