Monday Penny Stock Watchlist: Taking Stock of 4 More Penny Plays

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Jun 21st, 2010 | By | Category: Featured, Penny stocks, Pink sheet stocks, Technical Analysis

The watchlist returns to Monday this week…

Nearly 1,000 of you fillout out the Penny Sleuth’s watchlist survey last week, giving us plenty of fodder for future watchlists. And while we’re still tabulating the results, one thing that was very clear is that you wanted the watchlist to return to Monday – so it’s staying at the start of the week.

For those of you who responded to the survey, we’ll let you know if you were a Penny Sleuth Prize Package winner later this week. Until then, let’s try to win with some nice stock setups…

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…

Overhill Farms (AMEX: OFI) – This frozen food stock may look familiar to some; it made last week’s cut as well. Right now shares are still making up a picture-perfect ascending triangle pattern, a signal that this company could forge a breakout in the next week or so. A break above $6.40 sends the buy signal on this play.

NxStage Medical (NASDAQ: NXTM) – Shares of this medical development company are also forming a bullish ascending triangle right now. That said, this pattern isn’t quite as evolved as Overhill’s is. Wait for a push above $14.25 before going long.

Netlist (NASDAQ: NLST) – Netlist is a semiconductor play that’s been trending down for the last few months. But that downward pressure looks more like a wedge down – a potential reversal pattern right now. Given this stock’s break above the upper resistance line, a move higher could come in the next couple of days – just wait for a push over the red 200-day moving average.

Affymax (NASDAQ: AFFY) – This drug developer just suffered a major breakdown on the heels of a brutal downgrade. Lower ground could still be seen before the week’s end.

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, June 25.

Jonas Elmerraji
Managing Editor, Penny Sleuth

June 21, 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, and has been featured as an investment expert in Forbes, Investors Business Daily, and among others. 

Jonas holds a degree in financial economics from UMBC and the Chartered Market Technician designation.

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  1. My pick this week is ARTS

  2. You must keep your eye on this small cap exploration mining company that has the largest un-mined molybdenum claim in the world! The stock is traded on the TSX venture exchange and is listed under MSQ.V The company is named Mosquito Consolidated Gold mines and the property is CUMO. Awful name, great stock. looking to partner with another company to take it to the next level and there are lots of big boys knocking at their door because they know how huge this can be! Poised to explode in the next few months.

  3. My pick for this week is BNLB.ob Bond Laboratories, Inc.

  4. NIV…$2.44 and ready to make a move up…NIV is on the AMEX with an 825,000 daily average volume…be watching for increased volume and per share jump in price…

    Index Membership: N/A
    Sector: Consumer Goods
    Industry: Electronic Equipment
    Full Time Employees: 1,886

    Business Summary
    NIVS IntelliMedia Technology Group, Inc. and its subsidiaries engage in the design, manufacture, marketing, and sale of consumer electronic products. Its products include audio and video equipment, such as home theater systems; tower, stand-alone, and on-wall speaker systems; powered subwoofers used for stereo and home theater applications; personal shelf-stereo systems; electronic tube speakers; liquid crystal display televisions; light emitting diode televisions; portable televisions; DVD players, including portable DVD players, DVD recorders, and combination DVD/audio players; DVB set-top boxes and DVB satellite receivers; hi-fi multi-media speakers; in-car Bluetooth speakerphones; and related peripheral and accessory electronic products comprising remote controls, headphone sets, and lighting solutions. The company also offers a line of intelligent audio and video products, which include various products with integrated speech-controlled interface technology, including speech-controlled home theater systems, televisions, DVD players, set-top boxes, and shelf stereo systems. In addition, it provides speech-controlled professional stage acoustics for use in gymnasiums, plazas, and performance venues, as well as mobile phone products. NIVS IntelliMedia Technology Group sells its products to wholesalers, distributors, and resellers of electronic products primarily in China, Europe, southeast Asia, and North America. It has a strategic partnership agreement with China Potevio for the development of a 3G mobile phone, as well as the application of China Potevio’s TD-SCDMA wireless products and solutions. The company is based in Huizhou City, the People’s Republic of China.

    Shares Outstanding5: 47.97M
    Float: 32.31M

    Total Cash (mrq): 7.93M
    Total Cash Per Share (mrq): 0.17
    Total Debt (mrq): 54.46M
    Total Debt/Equity (mrq): N/A
    Current Ratio (mrq): 0.84
    Book Value Per Share (mrq): 2.07

  5. My pick for this week is Pavilion Energy Resources Inc. (PVRE).
    The BP GOM oil spill is going to prove to be the catalyst for unleashing massive new investments into finally making renewable energy affordable and competitive with fossil fuels.

    We believe that our group has the proprietary technological solution to supplying the entire world’s energy needs with the advent of a new lower-cost, more efficient Accelerator Wind Turbine, which promises to deliver clean wind power at a lower cost than any existing power generation technology.

    Accelerator Wind Turbines can be deployed safely and rapidly across America and the world to rapidly replace fossil fuels, while creating large new job opportunities.

    Nine out of ten units of energy consumed in the US and the rest of the world come from fossil fuels. On an average day, US consumption of coal, oil, and natural gas amounts to 41 million barrels of oil equivalent. That’s equal to the average daily oil output of five Saudi Arabia’s. Where can the US find such a huge amount of energy – and all of it carbon-free?

    The answer is; From Wind.

    There’s enough wind blowing over the US Great Plains to inexpensively power the entire country 16 times over!

  6. I am still bullish on KNDR

  7. More good news for SIGA

  8. All i will say so far in the past few days trading is this…..Great stocks are on sale! …I am merely watching
    and waiting to see how this current downtrend unfolds. I increased my cash position a few weeks ago by selling several shares in companies i bought in late ’08, and early ’09. I sold DPZ outright for almost a 3 bagger. Hell, it may go to $24. per share next year, but i made serious coins before this downturn and i aint looking back. Profit is the royal flush in this poker game! … I am waiting and watching to increase my position in a few companies. CATM, cardtronics ~ Nasdaq. …FRZ, Reddy ice holdings~NYSE, which will
    be a massive gain if a hurricane hits the already damaged gulf. ( I am not a profit of doom, but not averse to
    making money in bad times) …. CPLS~ China precision Steel~ Nasdaq. …INTT~ Intest Corp. …God almighty
    i cant believe how far they went over three years! …and MCZ~ Mad catz interactive is still chugging along on the AMEX. …OCLR~ Oclaro Inc. has exceeded anything i thought they could do when i bought them over 2 years ago. …And this little tiny one i bought in early ’08 off the OTC:BB, for pocket change is suddenly kicking some serious ass, Issuer direct corporation. ISDR. ….Don’t ask me why i am increasing my position in PHMD. ….A little bird told me to buy a few more and hold.

  9. NPHC.OB NutraPharma Corp. is actively selling Cobroxin all over the US and into Mexico. This is an all natural pain relief up to stage 2 pain. Its being used by athletes as well as for pain and arthritis. It has no side effects and is non-addictive. It’s already in pharmacy chains.
    I think this stock is going to be huge.

  10. I totally agree Elizabeth. ..I own many shares of NPHC also. …look at it this way…At least they are trading.
    This is the type of stock in a company that gets banged around and traded ruthlessly by those that look for ‘daily profits’. …I have seen many of mine just slaughtered and hammered especially off the Nasdaq and
    NYSE, as well as the AMEX, and to a lessor extent the TSX, OTC:BB, and even the PK exchange only to see
    a sudden, massive gain when least expected. …Hell, i am still holding stocks in 307 companies around the world and about to buy a few more, increase my position in others, and shave off a few shares for more profit soon. …I win more than i lose in this game. …Understand there is a difference between a ‘beaten down stock’ and a ‘damaged company’. …EX; – ‘IF’ i owned shares in BP or RIG, i would have immediately
    sold the day after the disaster to preserve capitol, and i would have been totally correct!

  11. USOG.PK: United States Oil And Gas Corp is my “pick for 2010.” It’s profitable, has a solid management team, just recently received a contract for a highway project, and to top it off it is looking to UPGRADE to the Bulletin Board soon. What makes this stock stand out is the current stock price. It is way undervalued and does not reflect the performance the company has shown so far.

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