Monday’s Best Penny Stocks
Hello Penny Stock Traders
For those that love penny stock and small cap stocks my “SuperNova Elite” newsletter is where its at. We focus on small cap stocks mostly under $3 right down to those high volatile and profitable “sub penny stocks!”
Get my NEXT free big stock report
This week is FULL of potential plays. I love my Swing list below and I am very happy with our swing positions. Remember this are perfect for those that can’t babysit the small more volatile penny stocks. (I personally love them both, nothing like trying to hit a 40% move on a sub penny / penny stock right!?)
Let’s do a little recap first of our SuperNova Elite trades….
ONCS holding strong and looking for $.25 break and $.30 target
SNTL holding and looking for $.06 break and $.10 to $.12 short term target
FWDG holding from $.0095 buy and looking for possible sell $.018 to $.02
CBAI holding from $.0044 and $.0042 adds for me. Goal is sell the next rip to $.0058 to $.006. Strong support at $.0035 and $.004
INO holding half my shares still and this stock is slowly upticking again. Looking to sell $.60 to $.62 level
Ok let’s take a look at our “Swing Trades” here for you combo people…..
I am happy to see our alerts on DVAX and GEVO looking solid going into this coming week. I will be looking to lock in profits on DVAX at some point this week as we are currently up 7% which is very solid for a $2.40 stock. GEVO is a stock that we might hold for a little but with Corn prices falling, that means GEVO can work more efficiently and any news could pop this back to $2.30s to $2.40s.
I am still holding APP as this stock never really closed under my $2.00 stop loss and more importantly it held that 20 MA line on the chart. Right now APP is trading at $2.12 which is down from my $2.25 entry but is moving back up the channel so I will keep my $2.40 to $2.50 target for this trade.
Ok, on to our “Watch List” for SuperNova Elite and SuperNova Swing….
SuperNova Elite Watch List….
CBIS – Forming a solid base here at $.05 with short term targets of $.059 to $.06 and if broken $.067
FNMA and FMCC combo plays (one runs they both run, one falls they both fall) Looking at support in the mid $.60s and resistance at low $.90s to $1.00 level
ERBB – Nice support at $.004 and $.0039 with target sell of $.0059 to $.0063
SuperNova SWING Trades…….
For this coming week I have several “Swing” trades that I will be watching. Remember this “Watch List” is for you to pick and choose trades on your own. Sometimes I pick “alerts” from this list and sometimes I don’t, but if you are looking for MORE trades than I send you via email and text, then this is the place to look. Just follow the “Support and Resistance” prices labeled.
Ok, lets get to it……
DRYS – Dry shipping might be inching back into play here and DRYS is one that leads my list. Support and stop loss at $1.75 and swing targets of $2.05 and $2.12 ahead.
OCZ – A stock we played before perfectly and right now OCZ is bouncing off its previous lows of $1.70 and $1.65. My stop would be at $1.65 and my swing target would be $1.90 to $2.16
HNSN – Here is a stock with 28% of the entire float “short” with a “days to cover” at 45 meaning that if this stock gets some buying pressure we could see a solid “short squeeze” and a pretty good move. Stop at $1.88 and swing target of $2.24 to $2.28
DEXO – Very clear chart pattern here. Consolidation at $1.55 to $1.60 and a potential upward move to $1.86 to $1.94. If we break $2.00 we could run again to $2.60 “double top” Stop loss at the 200 moving average line at $1.45. DEXO also has a 30% float “short” and a “days to cover” of 24 and 9.7 million shares short. Always potential for a “short squeeze” with those kinds of numbers.
BPZ – setting up a “double bottom” at $2.12 and that is my firm stop loss as well. Targets of $2.38 and then $2.64 which is the 200 moving average line. BPZ has a 18% short position currently which is 19 “days to cover” and 16.1 million shares short. Again, short squeeze potential on any news or buying pressure.
CBB – I like this trade because we are now breaking previous highs of $3.43 which means if the current trend continues, we should watch the 50 moving average line at $3.80 as a target. Stop loss would be $3.08 previous low.
More Posts by this author
- Wednesday Penny Stock Watch List
- Do you like 41% gain, 36% gain or 20% gains?
- Mondays Closing Penny Stock Trades
- Monday’s Best Penny Stocks
- Fridays Closing Penny Stock Trades
- Fridays Top Penny Stock Trades
- Penny Stock Mid Day Movers
 |
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
|
