Penny Stocks To Watch
Penny Stocks To Watch
The table above shows penny stocks that are under big-volume accumulation. Buy signals that may come along on these stocks are likely to pay off nicely. You can put them on your watchlist. Penny stocks can be risky, but can also provide a quick bang for the buck, tending to move much faster and farther than higher-priced issues (either up or down).
Listed are the symbols and vital statistics of penny stocks (actually stocks under 10 dollars per share) that are experiencing heavy buying pressure; the exact query is "All stocks, up on big volume, close <= 10, avg vol >= 10K, sorted by XmaV17 / XmaV50, limit 10 results". We should emphasize that these are penny stocks to watch, but not necessarily penny stocks to buy at the moment. To find those, we use the GigaScanner free chart-based stock screener. It can show us when the time is right, like when we get one of those key timing signals. Getting the timing right really mitigates the risk, in fact, it makes all the difference.
Caution is advised; fortunes are made in penny stocks every day, but probably at least as many people get wiped out too. In the right situation, you can get a quick bang for the buck, as the cheaper stocks tend to move much faster and farther than higher-priced issues - hence the attraction - but the downside can be extreme as well.
If the table is empty, that means there aren't any stocks putting out signals at the moment. The Climax Low signal is based on volume, so we tend to get more of them during the day, as the volume rises.
There are some signals the computer finds that are prone to error, since the formulations are relatively simple and not overly restrictive. It's best to make sure there's a certain "look" about it. A relatively "tight" price pattern is desirable, and a certain "rounding out" of a low is better than a sharp "V", although those work too. It's also helpful if the signal occurs on a pullback to the 50-day exponential moving average.
The phase of the market should be in sync. Before taking any buy signals on stocks, first you need to make sure the stock market is bullish. If not, chances are you will loose money. It's because almost all stocks are going to participate in the broad market trend sooner or later, up or down. A rising tide carries all boats (or something like that - so does a sinking tide).
The list is updated intraday (every 30 minutes) and is subject to change, so check back often. The header block shows the stock name, symbol, date, open, high, low, close, volume, and price change, followed by the earnings per share rank, relative strength rank, accumulation-distribution percentage, market cap, average volume, and percentage the current price is from the all-time high. The relative strength rank is plotted as an indicator in a window at the top, in black, and below that is the price chart, in candlestick format. The 50-day and 200-day eXponential Moving Averages (XMAs) of price overlay the candlesticks in blue and red, respectively. The volume histogram bars are plotted under the price bars, logarithmically-scaled, with the 17-day XMA of volume overlaid in blue.