Monday Penny Stock Watchlist: 4 Breakout Stocks That Are Moving Fast

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Jan 11th, 2010 | By | Category: Featured, Penny stocks, Pink sheet stocks, Technical Analysis
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Metal mining giant Alcoa (NYSE: AA) announces earnings today, a release that marks the start of earnings season. And while Alcoa’s far from a penny stock with a $17 billion market capitalization, the fact is that the tone this company sets will have a supreme effect on all of the issues we’re watching in the small-cap world. With shares up nearly 2% as of the market’s open this morning – a relatively big gap-up in the blue chip world – things bode well for us to play the breakout stocks.

A breakout is one of the most powerful technical patterns – it tells technical analysts that shares should be headed up significantly higher in the short term. Breakouts occur when a stock crosses a key resistance level, like a moving average or previous 52-week high. What better type of pattern to play in this week’s watchlist?

Each week, we take 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 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…

Map Pharmaceuticals (NASDAQ: MAPP) –– Shares of this small-cap therapeutic developer are catching fire after the FDA announced that it was waiving MAPP’s requirement to have a second trial for its in-development migraine drug. Getting a drug fast-tracked is always a good sign for any drug maker, and investors know it, pushing shares well above the resistance level of an ascending triangle that was forming. Pick up shares if you want to ride the speculative push.

Tuesday Morning Corporation (NASDAQ: TUES) –– While it may only be Monday morning, we’re taking a look at Tuesday Morning Corporation following solid second quarter sales numbers and guidance well above analyst estimates. The good performance for the discount retailer has pushed shares up double-digits today, and we’ll be happy to ride the coattails of investor exuberance for some tidy gains.

Misonix (NASDAQ: MSON) –– Medical device manufacturer Misonix is having a solid day today as well, albeit less dramatically. The stock broke out two trading sessions ago, sending technical traders the “buy” signal back on Friday. But the signal remains strong as long as the company remains above the horizontal black line, so we’ll add it to the watchlist today.

Winthrop Realty Trust (NYSE: FUR) –– This REIT, which owns real-estate in Boston and New York City, has been on an absolute tear after technical traders started to pick up on it back in late December. And with shares currently trading at a 52-week high, there’s little indication of a slowdown right now. Famed fund manager Bruce Berkowitz talked up the stock last week, sending shares on yet another mini-breakout, and giving us plenty of reason to go long the stock today.

Share Your Penny Stock Picks

Once again, we’re going interactive this week…

Just post your recommendation in the comments section of this article between now and the market’s close on Friday, January 15 to share your favorite penny stock play with the rest of the world.

Cheers,
Jonas Elmerraji

January 11, 2010


Author Image for Jonas Elmerraji

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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35 comments
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  1. itronics–itro———————————viaspace-vspc—idoi-ido security—-lfbg—–left behind games —-here are 4-breakout stocks that have their fuses lit for an explosion.

  2. My biggest stock pick started back in July. It’s husa The price was $2.00. I believe it’s heading for $15 with no trouble at all. Have fun and make some money……………Bill

  3. take a look at ADD.V (vancouver txs exchange) – a junior mining company that should report decent findings this year

  4. Nannoviricides: NNVC…this will be a 30 to 40 dollar stock withing 5 years..it has drugs for viruses that are to viruses as pennicillin was to bacteria!

  5. Play LA Inc. (PLLAF – OTC.BB)

    Small unkown media, publisher and advertising firm.

    has revenues and is growing with increased revenues as their industry expands.

    Great share structure, real nano cap.

    Good luck

  6. Bought up some tamo today watched a nice increase on the opening bell, with the recent land deals I am looking long term for some nice gains. watch for breaking news next week which should send the stock higher.

  7. Sonomax Hearing Healthcare – SHH on the TSX-Venture. Last month, they announced that they had
    passed their final milestone. Now, they are in the process of getting licensing agreements for their
    product – a self-inflating, lightweight earpiece that can be purchased off the shelf. Currently, the stock
    is trading at around 10 cents.

  8. Everyone should take notice of VIPR-px, Vipr Industries this stock has shown huge volume today over 180 million share’s traded thus far. And the stock is up 50% on todays trading.
    This compnay is an exploaration mining company that has just recently moved in a lot of equipment and engineers to one of there bigger gold and diamond prospects.
    They are due to make annoucments in regards to these findings in the next 10 days.
    This stock could and should reaaly take off, it has been as high as over a $1.00 a share in the last 12-15 months. It time has come that this one should be ready to move

  9. Medmira — MIR —Toronto exchange —– has developed products for fast diagnosis of diseases e.g. Hiv , Hepatitis etc. and is now registered with the UN Population Fund
    DYODD.

  10. I agree with Martin above and am very excited about Nanoviricides NNVC for the reasons he listed. But it’s my second favorite. I think International Stem Cell Corporation (ISCO) is an even better bet. They can create stem cell lines from unfertilized egg cells thus eliminating the moral concerns and taint of this tremendous research. Also OOIL – Origin Oil has a promising technology for producing oil from algae.

  11. CBAI : Cord Blood America Inc
    Tons of potential: Grand opening of new lab the end of January
    Just under 2 cents….has had very nice volume last 10 days
    Stem Cell Research: This looks nice

  12. Two beaten down penny stocks with incredible potential and solid pedigrees: Cereplast – OTCBB: CERP for the eventual replacement for petroleum-based plastics, and Health Management Associates – HMA for the world’s fastest growing industry. I also agree with John above that OTCBB:ISCO is probably the stem cells lab with the greatest growth potential.

  13. My pick is CIDM ( Cindigm) a the leader in converting theaters to digital technology . I can’t understand why this stock has languished for so long . Digital will be the salvation for the movie industry and its theaters .

  14. Check out DPTR….. Delta Petroleum…They just got 50 million and control some prime properties……

  15. been watching this one for 2 years knowing the companys plans for additional oil and gas leases – now waiting for a small drop to enter into JAYHAWK OIL AND GAS -(JYHW)- with interest of the market finally fighuring it out jyhw’s propertiies are big ~

  16. Sorry if I am late in posting, but I did want to make your list of stocks happening this week. I have been following this stock for a number of months now and it is ready to break out. Please do your dd and watch this week. Today the stock had decent volume and moved up 2 cents to close at 11 cents. The stock is EVSP: OTCBB
    It is considered a “green stock” in a very popular sector with the new President and his plans to move forward on green energy. I think the stock is going to have a good week and I would suggest to readers that
    they check this stock out on Yahoo as early as possible tomorrow. Good Luck and cheer to all.
    DRD

  17. ALKN – Monster Deisel – check these guys out. Bought last Wednesday wish I would have pulled in Monday when I first reviewed it. Great product, plan and the state is bent on keeping them here reducing cash outlay for now.

  18. ABPIQ- Accentia Biopharmacutical. Emerging from Chap 11 BK with shares intact within next 2 weeks, This starts a jump in PPS on that event, then current and off the pinks and lots of news. Their cancer vaccine drug- BiovaxID just got Orphan Drug Approval in US and has been approved for sales in EU countries under Named Patients Program. They expect approval this year, should trade like DNDN, except that starting point of stock .30 because of chap 11, gives this pps absolutely huge upside. I expect 2-3 short term and 20+ as year unfolds.

  19. Take time to check out AMCG.OB. Amico Games Corp. Its an information technology company specializing in mobile phone games in CHINA. They just aquired a company called Galaxy. Galaxy currently has the #1 mobile phone game in China. The Chinese love to play games on their phone. The price currently is really cheap. Do your research and then hurry up and makes some money on it.

  20. ECOB
    ibcp

  21. I have too many to list, and my research takes up most of my online time. But! it would be a safe bet
    that if you do NOT get appliance recycling corporation of america (ARCI) nasdaq- real soon, when it hits the afterburners and goes ballistic, you will pay a high price for this rocket launch when institutional investors
    and hedge fund managers buy in.

    Sector10 inc. ——SECI – OTC-BB —- Watch this one! it is currently at 0.14 with heavy volume. studying the charts, it was $1.40 or more a share, and has potential to reach $2,00 per share. It is a ready response
    for any disaster related incident for companies who buy the system, especially in high rise buildings.

    Clean diesel tech. —CDTI — nasdaq. They can talk all they want about natural gas, and electric cars
    at the detroit international auto show taking place right now, but the simple fact of the matter is right here right now we use gas & diesel feul. I have been watching this one for months and about to buy after the next
    broad market downturn after todays downturn when the shorters get through, so i can buy close to $1.00
    per share. I have more…Much more, and now a 271 stock portfolio.

  22. [...] Monday Penny Stock Watchlist: 4 Breakout Stocks That Are Moving Fast was originally featured in the Penny Sleuth. Share and Enjoy: [...]

  23. RHIE get in people, poised to run very soon, rated buy confirmed by americanbulls this morning..

  24. My favorite stock now is PTQMF because its going too spin off part of its operations next month (Feb.) .

  25. What are your thoughts about GenVec. Heard a lot of stories about this Drug maker who is in the Stage III Clinical study. Does this have any potential to be a short term play?

  26. What do you think about jazz pharma. jazz .I bought around $4.00, It is up .54 to 9.05 today. They have submitted and are awaiting final approval of a drug for fibromialgia ?

  27. Dont forget about some UK stocks – A new comnpany with an Ex Reuters man about to go into OTC carbon trading – LSE:TRIC. The stock is a penny share and has just broken a new year high. Worth certainly 1penny in a couple of weeks/months. Very happy to hold

  28. Please study company Hear At Last. They are a penny stock that has a plan and traction. Thee products will serve millions in the coming years. Best in the new year!

  29. I have high hopes for owvi. One world ventures developed a phone card which is quite versatille. Can be used as a debit card to receive a pay check and pay bills off of. Opened their first shop in Hong gong. It’s trading at .0026 but was at two dollars ten months ago.

    Please check it out and let me know if you think it could go back to two dollars.

  30. This week AMNP is going to go up,

  31. Take a peek at MDCE, massive price rise in last 2 weeks, on good news about its cost-cutting medical status info transmission systems [ patient at home -to-medical facilities], and other systems. As of 1-1-15-2010, price is at $0.35, up from $0.25 about a week ago.
    I’m also looking at some lithium producers [ use in new high efficiency car and cel phone etc batteries] such as RDNAF, TRRXF, WLCDF — in the $0.34 to $2.05 range after healthy rises in past 2 weeks. Speculative, but worth watching.

  32. “Please study company Hear At Last. ” ….Hey Eric. I own 17,000 shares of HRAL, bought late 2008 for
    a lot less than they can be bought next week. …They are a speculative bid that Peter Lynch would buy and
    hold for the potential of his famous ’100 baggers’ or more if he was not retired from running the fidelity
    hedge fund he famously outperformed the market from the late ’70′s into the ’90′s. …Those who parrot the phrase “buy &hold does NOT work in the current economy” …fail to study the history of the market from decades past, and will miss the 40, 50, 100, and even 300 baggers that will accrue if you keep your poker face in the stock market,….The worlds largest stud poker game. ….Blockbuster~ BBI~ NYSE is not going under anytime soon! …At 0.81 per share it is a steal when they hit netflix between the eyes this year.

  33. Have anyone heard of clsi and what do you think of it?

  34. clsp ps a great up and coming stock!

  35. They attract, engage and indulge people from all regions to fulfil
    one target of theirs and that is to be entertained.
    The Samsung Galaxy S2 is available at pocket-friendly prices with samsung galaxy
    s2 contract promoted by the leading networking companies in UK.
    Selain itu, langkah Nokia memperkenalkan tiga smartphone murah
    sekaligus, yaitu Nokia C3, Nokia C6 dan Nokia E5, diharapkan dapat meredam kepopuleran Black – Berry.

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