Buy Penny Stocks – Watchlist for Monday 4-20-09
Posted on April 19, 2009 by Penny Stocks Picker
Buy penny stocks on the 3 major exchanges or the OTC penny stock exchanges. Are you looking to buy penny stocks to trade? Use our daily list of penny stocks as a starting point to identify potential good penny stocks that you may want to investigate. We are not advising anyone to buy or sell any of our list of penny stock suggestions. We just scan the exchanges and make penny stock recommendations based on potential momentum. We highly recommend that you do your own research before investing in penny stocks and/or trading penny stocks.
Our key indicators are based on a combination of technical criteria, psychological criteria and momentum (i.e. breakout volume/price, support zones, chatter, news…) which could generate additional interest in the penny stock. Identifying the top penny stocks to trade takes a lot of time and we are happy to share the results of our labor. However, scanning good penny stocks for our watchlist is only the first step. The hardest part is left up to you. That is you must do your own research and confirm a trade signal (including where and when to buy or sell that good penny stock on the move). You should notice we don’t normally keep touting the same stock over and over again. When the interest in a particular penny stock has dried up, it will not show up during our daily scans for the next list of penny stocks to buy watchlist. Our technique can be higher risk because of the volatility associated with active penny stocks. This is one reason why we suggest trading penny stocks as compared to investing in penny stocks. Please refer to our education articles for more details about trading penny stocks.
List of Penny Stocks to Watch Monday 4-20-09
If you been following you will notice that our daily list of penny stocks to buy have provided many profitable trade opportunities. Nothing is guaranteed to work all the time but our goal is to continue providing the best watchlist of good penny stocks to buy and trade. The list you see here is what I use myself for my own trades (in addition to some of my most recent suggestions). Just because it’s on the list, doesn’t mean I’ll end up buying it (I need confirmation before entering into a trade). The list for Monday includes NASDAQ penny stocks, NYSE penny stocks, OTCBB penny stocks and Pink Sheet penny stocks.
OCNF @ 1.60 (NASDAQ penny stock: Volume breakout, coming off bottom consolidation, AmericanBulls.com buy confirmed.)
ENT @ 1.26 (NYSE penny stock: Volume and price breakout, looks like pan and handle pattern on 1yr chart (handle not formed yet).)
CDII@ 1.42 (NASDAQ penny stock: coming off bottom consolidation, AmericanBulls.com buy confirmed.)
CMRG @ 0.64 (NASDAQ penny stock: Volume picking up, Buy rating from Second Opinion Daily.)
CNGG @ .0017 (Pink Sheets penny stock: Volume breakout, closed at HOD, Chatter on IHUB.)
XPGH @ .07 (Pink Sheets penny stocks: Closed up 100% on Huge volume breakout, price breakout, chatter on IHUB, Bottom bounce from Press release.)
Past suggestions: HWBI, IMDS, HRNF
Tags: buy penny stocks, investing in penny stocks, penny stock recommendations, trading penny stocks
Filed Under: Picks N Tips
Thank you……
You are liability a impressive post on your blog, chap. I bear been for all time a bookworm of your blog. …
nice call on the XPGH… up 28%, volume picking up… think I’m gonna hold this into tommorow, see what tommorow brings, looking good…:)
I think last two weeks ago, the recommendation of UVSEE was in move high but as I see it in the market, it is stuck to the same price. Do you see any luck on holding them or should I sell it?
Thanks for any insight.
Please read my article “Investing in Penny Stocks – Should I Stay or Should I Go Now?” posted on 4-2-09. Also read “Trade Penny Stocks – ASLEEP AT THE WHEEL” posted on 3-24-09.
Hopefully, the information in those articles will help you decide what to do.