Stock Market Watch

5 Penny Stocks Under $5 for Monday April 1

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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

LQMT

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

SAPX

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.

OCZ

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

SIRI

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.

VELT

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Jeff Williams (Top Stock Picks)
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. Signup for my newsletter at TopStockPicks.com

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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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