We will start this morning’s list with $ANGI, not because it is my favorite setup, although good, but because it starts with the letter A. I’m looking to buy this one here, with a stop just beneath the 50 day moving average. If we open up near current levels, that would put you risking 25 cents. Possible upside target $13:
Next up on our list is my favorite setup, $GOOG. My only fear is that it gaps up making this unplayable. Did you see what China did? GOOG is my larget position here.
$EGHT – I’m amazed how this one has held up. I think if it opens up flat you buy it, with a stop under the 20 day MA, risking 20 cents.
$HGG – I’m a buyer on strength accompanied by volume, this one just looks like it wants to squeeze higher. Stop under Thursday’s low, risking 20 cents.
I actually have a bunch more on my watchlist, CHECK THEM OUT HERE.
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I like your choice of EGHT. Chart looks like it is coiling up to go higher. I may buy some if it takes out Friday high of $6.87. Thanks for the reminder to look into EGHT.
Big fan of EGHT as well – thanks RC. I think CRM looks good too, although I missed the initial move higher
hey i dont usually look at penny stocks. found this. http://search.yahoo.com/r/_ylt=A0oG7hmhJstQby0Anh1XNyoA;_ylu=X3oDMTE1cDZrazhnBHNlYwNzcgRwb3MDMgRjb2xvA2FjMgR2dGlkA1ZJUDE4Ml8yMzk-/SIG=1391berqg/EXP=1355519777/**http%3a//investing.businessweek.com/research/stocks/snapshot/snapshot.asp%3fticker=ASUV
Using a limit order is essential for this type of active trading. The placement of stops is crucial as well.
Your support levels look right on.