Monday Penny Stock Watchlist: 4 More Stocks to Continue This Week’s Rally
Nov 23rd, 2009 | By Jonas Elmerraji | Category: Featured, Penny stocks, Pink sheet stocks, Technical Analysis
With tens of thousands of stocks trading every day, it’s easy to feel overwhelmed on your quest for the next high performing penny stock.
That’s why every week, the Penny Sleuth delivers our exclusive Monday Penny Stock Watchlist – 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.
Last week, every play we mentioned – two longs and two shorts – moved exactly as predicted, offering a cumulative 17.55% gain in only five trading sessions. And this week, with markets moving higher Monday, our Watchlist could do even better…
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 last week, giving you the chance to offer up more speculative penny stock plays.
Check out the comments after this article on the Penny Sleuth website to get a glimpse at a slew of fresh user-submitter penny stock picks – and the chance to submit your own!
First, though, let’s take a look at this week’s penny stocks worth watching…
Daxor Corporation (AMEX: DXR) – This medical device company has had a rough run in 2009, currently down 8.4% year-to-date. But in the last few months, traders have been pushing shares of the company significantly higher on the back of strong fundamentals. That’s thanks in large part to big profits in recent quarters and a dividend yield that currently sits at 4.26%. Right now, DXR is forming an ascending triangle (see the chart above), a bullish pattern that suggests a breakout could be imminent. This week’s uptick in investor sentiment could be just the catalyst for that move.
The Savannah Bancorp (NASDAQ: SAVB) – While regional banks have been a mixed bag so far this year, Georgia-based Savannah Bancorp is one of the few that’s managed to deliver reasonably consistent profits to shareholders. This stock is technically appealing too… with the stock’s 50-day moving average on the verge of crossing over the 200-day, a significant signal is beginning to form for investors to pick up shares of the stock.
Cornerstone Therapeutics (NASDAQ: CRTX) – Cornerstone Therapeutics is a specialty pharmaceutical company that’s gotten shellacked in the second half of 2009. Still, technically it looks like this stock has further to fall this week with a re-test of the stock’s downtrend coming up (see chart above). Even in the best-case scenario, this stock could have a 10% upside for shorts. Watch things closely, though, this morning’s rally in stocks could work against any technicals that are forming right now.
Modavox (OTC: MDVX) – Audio and video equipment maker Modavox has had a rough six months that’s included serious quarterly losses, and a share price that’s declined nearly 35%. At present, the stock is in the midst of a sustained downtrend that’s showing no signs of reversing. Expect shares to fall further this week…
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, November 27 to share your favorite penny stock play with the rest of the world.
(As a side note, remember that markets are closed on Thursday and close early on Friday for the Thanksgiving holiday.)
Cheers,
Jonas Elmerraji
November 23, 2009
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Keep an idea on North American Palladium (PAL) especialll below $3.00 range.
I need info on a brocker I can use to start investing in penny stock Thank you
Please provide name and contact info
I need info on Brocker that can help me start investing in penny stock, contact info Thank you
My two picks are in health care. CEMI and HEWA. Let me know what you think?
with all the hype on gold these days. a real gem in the waiting is (myng).
My pick is AHR. i bought this last week, just under .31. sold at .336 and bought again monday the 23. will see what happens.
This stock MBCI should be on the rise. Mabcure Inc. Take a look and let me know what you think
Two stocks I’m watching… MBRK – Middlebrook Pharmaceuticals & VIVK – Vivakor
MBRK –
They released a new drug in March ‘09, Moxatag, which is the 1st FDA approved once-daily anti-biotic on the market. It uses a delivery system called Pulsys that waits until it hits a certain PH level in the GI tract to release its doses. MBRK is made up of some of the same people that worked at Adams labs, and created the popular Mucinex cough suppresant and decongestant medicine. This cold season will be the 1st test of their new drug, and given the details they submitted in their Q3 report, it’s very likely that they will see MANY prescriptions of this new drug. It seems that doctors are on-board with the fact that this once-daily med will make it easier for patients to stick with it. This company is not highly rated, but I feel they’re in for a nice price explosion after the 1st of the year, much like a few years ago after they released their Keflex drug.
I’d like to see what this place says about them.
VIVK –
These guys look ok. They’ve made a few changes to strengthen their market position, but none of it has been realized yet. They recently announced they’ll be giving a 1:1 stock dividend in another company for which they hold the majority interest, who hasn’t gone public yet. So far the stock has fallen a bit, but I think they were MAJORLY oversold after this announcement came out. Even if they do fall a bit more, I’m thinking the new stock, which since it’s a non-optional stock dividend, means no taxes levied for the gain, from what I understand, it may be worth holding on to until the record date of the dividend. I’d like a well-informed opinion on this one as well.
I’ve been having good luck with WMMVF.pk it’s Wal-Mart of Mexico
Its been setting new hight last week.& I just checked today & it hit a
new high again by ten cents.
Its a good one, I boutght it for the long haul.
There building new places all the time in Mexico, there even into banking there.
Check it out. WMMVF.pk
I think PVCT is ready for a run. Good buy under a buck.
I’ve made 116% on Helca Mining in 6 months. Also CDE was a big winner this year for me.
Watch ACTC…. it has been down for a long long time…. now has been trending up for 3 days and has good reports and bug up tick in volume….. it could be ready for a break out….. has traded much much higher….. Also watch mndp, mdgc and qmin….
These two mining companies could be setting up for a move to the upside.
Amador Gold Corp. (TSX VENTURE:AGX)
Announced today drilling has commenced on its wholly owned Maskooch Lake Property situated in the Confederation Greenstone Belt, 95 km east of Red Lake, Ontario. Still waiting for news on their Horwood Property in the West Timmins gold district, drill program stared earlier this month. @ $ 0.09
Teryl Resources Corp. (TSX-V:TRC )(OTC.BB:TRYLF)
Has received a letter of intent for the acquisition of its interest in the Gil Joint Venture Gold Property in Alaska, from its Joint Venture Partner, Fairbanks Gold Mining Inc., a subsidiary of Kinross Gold Corporation. (TSX:K – News)(NYSE:KGC ) @ $0.27
Took a spike on this news but fell back to the $0.27-$0.28 range could be a good entry point before more news is released.
ImGG One report says it’s top heavy and should be at .47 but has shot to1.27 I’m waiting for it to come back down to .50 and then am getting on board
CTHP is trading at an annual low of .07. The high is 2.00 . They are expecting good news on a contract,and the stock could shoot to 1.00 or higher!.
BMNM. Reit –paid dividend on 11/20. Formed the cup with the handle. BMNM is in the handle now. I sold all my shares at $.47 and repurchase it at $..40. I placed the order to sell ½ of my holdings at $.60, and another at $1.00
Watch MELA, a cancer fighting device that works! Buy.
AERT bought at .36, looking for .50
Cerp.ob and pphm are high on my watch list.
Sfeg.ob very low on the radar and ready to EXPLODE !
I also own RTK (“fertilizer play”/ alternate fuel).
The thing about each these stock are ” Only U.S plays”. (D.D)
Check out ISCR.OB …. was priced at .01 (that’s one penny) one week ago and today (Mon, Nov 23), it reached 20 cents per share with phenomenal volume over the past week.
AMNP – Gold Mining Stock prime target to be bought by Gold Corp – get in @ .78 before run.
American Sierra Gold Corp. Discovers New Gold-Rich Zone at El Rosario, Urique Project
Press Release
Source: American Sierra Gold Corp.
On 8:45 am EST, Tuesday November 17, 2009
Companies:American Sierra Gold Corp.
RENO, NV–(Marketwire – 11/17/09) – American Sierra Gold Corp. (OTC.BB:AMNP – News), an independent gold exploration company headquartered in Reno, Nevada, is pleased to announce the discovery of a new gold-rich zone within the El Rosario mine of the Company’s Urique Project, Mexico.
“We are very excited with the results of our work at El Rosario. The presence of multiple vein sets hosting high-grade silver-gold mineralization, as well as felsic intrusives related to widespread alteration and mineralization of the andesitic rocks, suggests that the El Rosario target area has the potential to expand further,” commented Mr. Wayne Gruden, American Sierra’s CEO.
“The new high-grade gold zone encountered may represent an ore shoot and this concept needs to be tested by drilling. We are, therefore, currently working on the preparation of an underground drilling program which we expect to initiate in the near-term and conclude in the first months of 2010,” added Mr. Gruden.
American Sierra Gold Corp. is a publicly traded independent gold exploration company headquartered in Reno, Nevada. Shareholders and prospective investors are encouraged to call investor relations at 1-888-279-3921 or visit American Sierra Gold Corp’s website: http://www.americansierragold.com and to subscribe to our email newsletter.
AMD… I aquired this stock a little more than three weeks ago, and its up over 50% to $7.04.
Check out BCLE on the OTC. Currently trading at a low .006 and the stock has seen .20 already. Great company specializing in cleaning products for the US Navy. Also…check out BLAP on the OTC currently at .02. Blast Productions deals with ‘apps’, re: Twitter, Social websites, etc. XCEL is moving up and a great buy currently at .375 (bought at .31) + WWPW at $1.21 is a smart buy since this company is into WIND POWER GENERATION, the future of clean & cheap energy generation. URBF (Urban Farms) at $1.23 is another great buy with serious upside potential (Walmart is partnering with them). Do your own due diligence on these stocks. Low entry cost with huge upside potential on all of them.
Commodities are on the rise China is gearing up ,Coal is in demand ; a mid cap Canadian producer
with 100M in bank is poised to go up WTN . Western Coal looks good to me ; due your own DD …..
Any thoughts on MPPC.PK
CERP Found it on oilgae.com and with plastics being used SO much in everyday life, the turnover to bioplastic is the OBVIOUS next smart green move. Petroleum plastics are being found more and more to contribute to health issues from the chemicals they give off into our foods. With global annual plastic consumption in excess of 180 million tons and forecasted to double in 2015 from the 2003 levels along with an annual demand growth of 5% this new line of bioplastics certainly has a niche to fill.
http://www.plasticservice.com/tempia.htm
Fortunately, TheStreet recently gave it a sell recommendation because now it is at bargain basement prices trading at .105, when this 4 year old company normally traded between $.50 and $1.25. Odd about the sell recommendation though because TheStreet also notes CERP has outperformed against the industry of 31.9%, have very low debt to equity, and give it 4 out of 5 stars for having a growth score better than 70% of the stocks they rate. It appears the reason they are rated it a sell is this young company hasn’t come into profitability yet from the R&D stages, but with over 30 patents and NO BPA and NO DIOXINS found in their plastic AND their diluted loss per share going from negative .04 in the period ending 9/30/08 to .00 in the 3 months ending 9/30/09, it looks like they are coming into their own with and product lines in place and current clients include Georgia Pacific, Bunge, Dorel Juvenile, Pace, Innoware, Genpak and Solo Cup.
nctw under a penny they sell all products to mexico beer soft drinks . its under a penny with potential
hey, I’m just trying to break into the otc market. I’m trying to research everything, but I’m struggling. I have so many questions and I’m a little leery about some of the huge swings I’ve seen. For example ISCR…is this a viable company and a worthy investment, or is it just novices like myself pushing the volume and increasing share price? How can a beginner like myself learn the ins and outs of the otc
SIR
are you giving your expert analysis on Indian equities. If so please let me know about CALS REFINERIES, etc on Indian equities.
regards
suren
This is a new stock, only 3 mos. old. Worth watching.
IKTO has a great niche.
Couple of weeks ago i had mentioned “ATNP” Stock went up 83% today.
Today i want to mention “IGNT” 4B Respiratory Market. Just waiting for their “ISO” Certification in December so
Ingen Tech can start Exports to China, Japan, Europe. Australia and Canada. Please do your own Analysis by going to their web site. http://WWW.INGEN-TECH.COM