Down doesnt always mean out on Wall Street. These 5 small caps are well off
their 52-week highs but have multiple catalysts that could make for profitable
short term trades provided you get you entry and exit right. Something my
members and I do about 70% of the time. Plug Power Inc. ( NASDAQ: PLUG ) has
been slowly working its way back up the chart from a low in August at $1.35.
They are a leader in providing clean, reliable energy products and had news out
this morning announcing their next generation GenDrive fuel cell products aimed
at improving reliability and performance within customers lift truck fleets. The
company is located in Albany, so not far from my home, but I cant say Ive
visited yet. Technically Im watching for a pullback before swing trade entry as
it is up 46% from its low on 10/4 of $1.50. With a market cap under $50 million
and a 52-week high of $10.70, a break of the $2.50 to $2.60 range should signal
the next leg up. Agfeed Industries Inc. ( NASDAQ:FEED ) is currently dealing
with a class action lawsuit and recently received a delisting notice because the
stock has fallen below $1 per share. Im simply looking for a day trade here
if/when it reloads off this recent move up the chart. Clear resistance can be
seen at the $1 range so any reload off $.71 support makes for a nice 20-30%
gain. LDK Solar ( NYSE:LDK ) is in a clear down trend making lower highs and
lower lows since its 52-week high at $14.97. Solar has been cold for sure, but
its certainly a sector that could heat up. In addition, LDK short interest is
extremely high right now which means any good news out of the company could
start a squeeze that Id want to be in before it happens. With support at $2.55,
Im looking for entry above their giving me a tight stop loss meaning good risk
to reward. Resistance is at $3.25, $3.50, $3.65 at which point it could breakout
to $4.52. JBI Inc. ( PINK:JBII ) is a company with their fair share of problems
to say the least. From class action lawsuits to a Wells Notice, the Buffalo
based company is constantly in the spotlight lately and cant seem to get out of
its own way. Nevertheless, it has a rabid message board following who seem to
pump the stock up any chance they get. Recently shares feel below a dollar for
the first time since April but then bounced 78% illustrating how profitable
these problematic stocks can be if you time them right. Ive traded JBII long and
short for over $3,000 in verified profits over the last couple of months, never
losing on this trade ( Click here to see those JBII trades ). The company has
put out good news in the past, like their deal with RockTenn in August so Im
watching to see if consolidation can hold this $1.70 range before the next leg
up, otherwise Ill consider this as a good short opportunity. Resistance is at $2
followed by $2.93 with support at $1.40 followed by $1.00. Mad Catz Interactive
( AMEX:MCZ ) is down and out right now but this little company can get hot on a
moments notice. With double bottom support at $.55, Im willing to try something
between there and the current price of $.68 short term with a goal of $1.00. In
my experience triple bottoms never are, so I really need to see it hold this arm
to give it a try. Entries and exits sent by Skype, text message and email to my
premium subscribers.
No comments:
Post a Comment