Top Penny Stocks – Monday 7-13-09
Posted on July 12, 2009 by Penny Stocks Picker
Always the best top penny stocks to watch and trade. The best free list of penny stocks based on our scans not by paid promotions. List of penny stocks to trade are based on new interest, momentum, and technical chart indicators. I’m still excited about preparing to invest in natural gas.
List of Penny Stocks for Monday 7-13-09
PMDP.pk @.0009(Engages in production and development of gas and oil properties. In my opinion natural gas is the next investment and that should make it interesting to trade penny stocks in this sector. Volume and price breakout on Friday. MACD broke above zero.)
BHWF.ob @ .0033 (This has moved from .0005 in two trading days so getting risky.)
GNTA .ob @ .0093 (Been trading this for a few months…..what a great penny stock to trade!!!)
GZGT.ob @ .012 (Breakout volume. Coming off a bottom. Maybe something more to this one.)
WTAI.pk @ .0012 (On the pink sheets not the OTCBB. Volume and price breakout. Coming to life or a fake out?)
DAC @ 2.96 (NYSE penny stock to trade. This penny stock was trading at about $40 in July of 2007. Now, it’s just about at the 52 week low again and just tested the 2.89 low which occurred back on 11/24/08. The candle stick on Friday was a solid hammer. A hammer is a good indicator that the current trend is over and the price is ready to reverse. This is an easy one to trade with a plan. One potential plan (for Monday) would be to buy on a break above the current downtrend at a price around 3.05 or on a retest of 2.72 to 2.89. If you get in, then either sell for a loss if it breaks below 2.72 or sell for a short term profit around 3.80.)
AIG @ 11.74 (NYSE and not a penny stock but I like the volume and bounce, nice bullish candle stick on Friday.)
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Filed Under: Picks N Tips
Do you still see PMDP going up tomorrow? I was in today but decided to stay over night.
Thank you
I wish I knew the answer to your question…..but honestly I have no idea what it’s going to do tomorrow. However, lets look at the facts. 1) Breakout volume continues. 2) Was up 100% at one point today (@ .0018) and pulled back to confirm .0009 support. 3) Healthy profit taking was in order when it hit .0018. 4) Breakout chatter today on both iHUB and Yahoo message boards (more chatter than previous days).
Risk looks pretty low at this point because if it breaks below .0009 you would get out (right?). My guess is that there is still some interest left in this one. Please review the educational articles in the category archives for additional details on how to play the penny stock game. At least read my post titled: “Investing in Penny Stocks – Should I Stay or Should I Go Now? – Friday 4-3-09 Watch”
Bought DAC @ 2.82 this morning on 7-13-09. Ended @ 2.95 today. Not bad at all. Thanks for the tip. I like your style!
Thank you very much for your comment!! Most of the suggestions were great trades today if timed correctly (PMDP up 100% at one point, GZGT up almost 160% at one point, BHWF up almost 50% at one point. AIG up 25% at close……) So yeah…very good day.
I do like that you bought DAC close to support…so good job. However, I was expecting a change in trend so the stock did not behave as planned. Keep a close eye on that 2.72 zone.
Thanks for your response. If it goes below .0009, I will be getting out. Let’s see how it goes tomorrow. I will be reading your archives.
Take care
Ali