10 Small Cap Stocks Under $2 That Could Double

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tdp2664 Penny Stock Live As a swing trader of small cap stocks I’m 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 you’ll 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 women’s 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 doesn’t 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 it’s 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 I’m not interested until it pulls back some from its $.82 to $1.53 run. Resistance is at $1.60 with support at $1.25.