4 Penny Stocks to Watch in April 2010: ARDNA, AACC, ZZ, VTIV
The first full week of April is now upon us, bringing us another fresh month to reap some penny stock profits. So, without further ado, we’re off to a new penny stock watchlist for this week…
In case you’re not familiar, each week, the Penny Sleuth takes a look at a list of penny stocks that are exhibiting abnormal volume, strong technicals, upcoming news, or another catalyst that suggested they might be making a material move in the coming week.
As usual, while our Watchlist errs on the safe side of small-caps, using technical analysis to tell us where a stock is headed, we’ve opened the comments up to readers again this week, giving you the chance to offer up more speculative penny stock plays.
Check out the comments after this article to get a glimpse at a slew of new user-submitter penny stock picks – and the chance to submit your own!
First, though, let’s take a look at this week’s breakout penny stocks worth watching… Remember, if you want to get first crack at these penny stock plays, make sure you’re following me on Twitter!
Arden Group (NASDAQ: ARDNA) – If there was ever a good example of how price doesn’t matter in the small-cap world, the Arden Group is it. This stock currently trades for $106 per share, but with a market cap of only $336 million, the company behaves exactly like any $2 penny play. And with an ascending triangle forming in shares right now, that behavior could be straight up. Don’t consider taking your own stake until shares break through $110.
Asset Acceptance Corp (NASDAQ: AACC) – Michigan-based consumer debt purchaser Asset Acceptance Corporation is this week’s sole short-side play. The company is forming a bearish technical pattern alongside fundamentals that are anything but rock solid in today’s economy. Keep your distance from this stock for now…
inVentiv Health Inc. (NASDAQ: VTIV) – Health service company inVentiv Health broke out in a big way in late March on news that the company could be getting acquired. But because no solid details have been available to investors as of yet, the speculative nature of this trade makes it an interesting one for us. A pennant pattern points to a second leg of VITV’s rally in the next week or so.
Sealy Corporation (NYSE: ZZ) – Shareholders of this mattress maker have been sleeping well lately – shares are up 20% in the last six months. But an ascending triangle pattern could have shares significantly higher this month if they’re able to stage a breakout above resistance. Keep an eye on this stock.
Share Your Penny Stock Picks
Once again, we’re going interactive this week…
Just post your best penny stock pick in the comments section of this week’s Watchlist by Friday, April 9.
Cheers,
Jonas Elmerraji
Managing Editor, Penny Sleuth
April 5, 2010
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Jonas Elmerraji
Jonas Elmerraji, CMT, is the co-editor of STORM Signals and Penny Stock Fortunes, and a contributor to Agora Financial’s Trend Playbook. Jonas got his start on the fundamental side of the market, poring over financial statements and valuations to find sound investments – today, he specializes in blending fundamental and technical analysis. Jonas is a senior contributor to TheStreet.com, and has been featured as an investment expert in Forbes, Investors Business Daily, and CNBC.com among others.
Jonas holds a degree in financial economics from UMBC and the Chartered Market Technician designation.
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OWVI has launched business in Hong Kong location. Solid business plan. This could explode to $.50-1.00 very soon.
http://ih.advfn.com/p.php?pid=.....ymbol=OWVI
I have to go with ORFG this week as we wait on confirmation of their GOLD strike, which is believed to be very good and the company has said it will release these results before April 15th, so hold on to your hats and be ready for a wild ride on this baby! Do your DD to see if you are ready to take the plunge before this thing could take off by the end of this week or early next week. The hype alone has already caused this stock to rise and will continue to go much higher as we get closer to this announcement, which could be any day now! ORFG at .72 right now. GLTYA
Watch IWEB .
last month I pushed for it at .14- .15 going into the .20′s. Well we hit .20 and expect more to come. Looking for it to go to at least .25 in the next 30 days. JDE
Silver is gonna explode and so is this stock-ITRONICS-ITRO-THE FUSE IS LIT-THIS IS ONE EXPLOSION YOU WANT TO GET IN WITH.SURPRISE,SURPRISE,SURPRISE.
Take a look at GEGI.ob THEY HAVE very strong patents ready to go
How about DSGX? Supply chain management software and services for logistic sensitive organizations should do well in this iffy financial climate. Made most money there and intend to keep going with it.
Excellent Gold play right now is KAM on the TSX .Kaminak Gold Inc . Speculative, but well positioned for a possible takeover.
Subcribed recently. Your ad talked about a reduced rate of $39. My account was debited for $69 and I still do not have access. Can you bring me up to speed on this? My phone is (956)943-1328.
Short (RIMM) research in motion ..
look at Geltec, GLTC
I like two stocks this week. HPLF is developing an artificial liver.
Also look at what SOBM has done over the last month, especially
today up 27% on five times the volume.
Check out this high-flying Chinese Interactive Gaming Stock (FVSTA). Shares rocketed from .03 to .38 in a few days !!! $5000 invested is now over $50,000 !!! The stock has already seen .87 and is on it’s way UP. Also, check out EWPI for big moves. A nice steady gainer is ECOF.
# 3 Harry Bruce (ITRO)
I have looked at ITRO . Company has not filed any 10k since 2008. They have filed 8k to issue more shares many times. I had sent a E-mail to his president John after i saw his interview on Money-tv requesting some financial info but as of today i have not heard. I do not invest in a company where i can not get financial info for many reasons. one of them is how well the company is capitalized and second how much debts is on their balance sheet VS Revenue.
Been tracking XOMA and LXRX, both are some what slow now but posses good good income and potencial buy out.
[...] 4 Penny Stocks tο Watch іח April 2010: ARDNA, AACC, ZZ, VTIV [...]
Shot ‘em between the eyes monday…right between the eyes.
Trying to buy low into ARRY, and CORT, ….Nasdaq tomorrow, 4-7-10 ….. I believe ACUR will drop below
$6.00 after the run-up. But who knows? At $5.72 i am buying.
Will someone PLEASE send a string of short orders to drop bank of america (BAC) down below $15.00
per share so i can increase my position at a steal, which i stole when i bought below $8.00 in early
2009. …Short (C) ..citigroup also! ..i want to buy it again under the $3. level, and while you’re at it ..Short
Ford motor comapany (F) …I would apreciate it immensely! …Thanks a bunch!
I am ready to send a few $1,000 downrange after the next market correction, which is coming soon.
Let’s party and have fun and make serious coins in longterm profits.
Iweb now at .24 keep on going
Iweb Just hit .26 and climbing May hit .30 soon
#2, jde,
I studied (IWEB) soon after your comments a few days ago. I study all the Companies the stock pickers
who come here recommend since there is simply not enough time to find all the bargains and the upstart
companies who have the capacity to grow to the upside either rocket launch over time, or slow growth over
a period of months or even years by ones own research. Thanks for the ‘heads up’ on this one.
http://www.iceweb.com/
Their balance sheet looks good for a small outfit. The competition is fierce. They have a small market cap
with the balls to possibly undercut the large behemoth competition and gain market share at the risk of failing. ….In short, the kind of ‘Underdog’ outfit i love as a speculator. I’m gonna watch the play for a few
more days, but i am probably a buyer.
I’ll give a heads up on a play i bought off the OTC which now trades on the NASDAQ which was 0.75 when
i bought in ’07, Now on the NASDAQ at almost $3. …A shrewd play on the future of smart phones, i-pods
and who the hell knows what they can deliver in their product line in the future. ..ZAGG Inc. Nasdaq.
http://www.zagg.com/
Iweb Hit .30 Today. Watch for a pullback as profit is taken then here we go again
My pick is gonna be what iI think is another Cisco in the making and they are gonna rock the Wireless world with there new router.
Look for yourself and see what you think the facts will be coming out soon enough and there set to EXPLODE…
Check out theie Current list of Clients…Sprint, Comcast just to name 2…
.77 cents now and with the hope of success maybe a 10 bagger…
Soon they will be making headlines…NEXAIRA SYM NXWI
Look out for TWDL & M3 MINING big news on GOLD strike.
CCTR China crest is about to release 4th Qtr 2009 year earnings. Company had 1.8m net profit in nine months of 2009. The company has clean balance sheet with potential to grow.
cbai and gagi==look good to little rat any comments
IWEB Monday we dropped back to .28 now we gained it back to .34 GO GO GO JDE
EVRN penny stock @ actually .01, starts shipping to “Whole Foods” in May! Also shipping internet orders in May. Can only go up from here! All natural product has been well received at gourmet food shows. Good potential!