The stocks I picked today are all cheapo's below $8 but with good volume (1million+) and nearing resistance with an influx of cash. They are very risky, and I won't be buying in for the long run, just scalping profits if they decide to pop.
PXLW($6.30)- Possible buyout from AAPL. Could see nice pop if it breaks highs of $6.50
NEON($7.55)- Good jump in PM. Apparently has great yearly guidance. Watch for continuation (best case into the mid $8's+)
KIOR($1.58)- Good cup and handle pattern and closed near highs. Could have a good gap coming.
SYN($2.90)- About to break resistance at ATH, could make good run for the day if it decides to.
WYY($1.59)- approaching 2 month resistance point with a pretty nice wedge
CBLI($0.75)- High volume for such a low stock. Could be a gapper on a rebound
IVAN($0.66)- Nearing resistance at a wedge, could gap up if pushed
PAL($0.47)- Good consolidation yesterday after a nice run. High volume
Disclaimer: A couple people over in /r/investing saying that swing trading is a terrible way to invest.
1.) Its not investing. Its profit gambling. If you know how to do it, and you have the capital, then do your thing.
2.) If you think it is a bad idea, then don't buy these stocks.
3.) I close most of my positions within a day. 2 days at most if it has good momo.
4.) I'm just providing ideas, not advice.
5.) GOOD LUCK ALL
Submitted March 06, 2014 at 08:36AM by DirtySherpa http://ift.tt/1mYx4Gt
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