10 Small Cap Stocks Under $2 That Could Double

As a swing trader of small cap stocks Im constantly on the hunt for companies
that could not only deliver 10% but could also double. I look for good stories
that could excite Wall Street keeping the bulls running for weeks. HTCH, MCZ,
JMBA, CWTR, USU, USAT, LQMT, GALE, EK and LPH are all priced below $2 because
like most small caps, they have some fundamental flaws. Keeping them on watch,
however, allows you to spot solid trading opportunities and swing these stocks
for profits again and again. Building good watch lists is the first step to
becoming a successful swing trader. Every once and a while youll get good entry
and a 10% swing trade could become much more. But it all starts with watching,
reading and charting. Here are some from my $.25 to $2.00 watch list. Hutchinson
Technology, Inc. ( NASDAQ:HTCH ) engages in the design, development,
manufacture, and supply of suspension assemblies for disk drives. Support is at
$1.45 and resistance at $1.73 to $1.81. Indicators are nearly oversold on the
recent drop. The market cap is $35 million. Mad Catz Interactive, Inc. (
AMEX:MCZ ) designs, manufactures, markets, sells, and distributes accessories
for videogame platforms and personal computers, as well as for iPod and other
audio devices. Their earnings call is Wednesday 11/9/11. Alerted at $.65 before
it ran to $.90, MCZ is consolidating at $.80 before it could challenge $.90 to
$1.00 in the short term. Support is at $.73. Market cap is $52 million. Jamba,
Inc. ( NASDAQ:JMBA ) owns and franchises Jamba Juice stores. Their earnings call
is Wednesday 11/9/11. Nice run up prior to earnings from $1.21 to $1.75. The
stock is not overbought yet and has support at $1.58 with resistance at $1.75
$2.00. The market cap is $115 million. Coldwater Creek, Inc. ( NASDAQ:CWTR )
operates as a multi-channel specialty retailer of womens apparel, accessories,
jewelry, and gift items primarily in the United States. Their earnings call is
Thursday 12/1/11. CWTR just had an offering at $.85 which makes it unattractive
to swing traders up here, however, the insiders have been buying up stock
supporting the cause. In addition the chart is creeping higher as if it wants to
run. Support is $1.06 and resistance is $1.13 to $1.20 before it could challenge
$1.29. Market cap is $102 million. Usec, Inc. ( NYSE:USU ) supplies low enriched
uranium to commercial nuclear power plants in the United States and
internationally. Nice bull flag here with support at $1.96 and resistance at
$2.29 to $2.42. Market cap is $242 million. USA Technologies, Inc. ( NASDAQ:USAT
) supplies cashless, remote management, reporting, and energy management
solutions for the unattended point of sale market primarily in the United
States. Played this one a number of times in the past. Nice move up in October
now that the CEO drama is calming. Support at $1.41 and resistance at $1.63 to
$1.70 before the next leg up. Market cap is $46 million. Liquidmetal
Technologies, Inc. ( NASDAQ:LQMT ) develops, manufactures, and sells products
and components made from bulk amorphous alloys worldwide. Deals with Apple and
Swatch make it worth continued watch despite poor performance. Support is at
$.153 and resistance is at $.20 to $.24. Market cap is $22 million. Galena
Biopharma, Inc. ( NASDAQ:GALE ) is a biotechnology company. Their earnings call
is Wednesday 11/16/11. Low volume doesnt interest me, but their news last week
have me watching closer. Support at $.77 and resistance at $.90. Market cap is
$33 million. Eastman Kodak, Co. ( NYSE:EK ) provides imaging technology products
and services to the photographic and graphic communications markets worldwide.
Now that they are getting financing, I figure its just a matter of time before
they pump the patent sale story again. Support at $1.07 and resistance at $1.25.
Market cap is $302 million. Longwei Petroleum Investment Holding, Ltd. (
AMEX:LPH ) engages in the wholesale distribution of finished petroleum products
in the People's Republic of China. Currently shares are overbought so Im not
interested until it pulls back some from its $.82 to $1.53 run. Resistance is at
$1.60 with support at $1.25.