I'm constantly on the hunt for solid swing trades like YONG, HOV, COCO, URRE,
ROYL, PRMW and DEXO. Normally I try to position before the move like I did with
HDY recently at $3.06 before it ran about 30% the following day, however,
sometimes swimming with the current is an easy way to grab quick profits too.
Swing trading, for those of you who are unaware, is a speculative activity where
stocks are repeatedly bought or sold at or near the end of up or down price
swings caused by price volatility. A swing trading position is typically held
longer than a day, but shorter than trend following trades or buy and hold
investment strategies that can be held for months or years. My filter for the
stocks on this list is between $.25 and $5 with 300 trades or more. The
following stocks could deliver some decent profits moving forward if they
continue so here's what I'll be watching for. Yongye International Inc. (
NASDAQ:YONG ) engages in the research, development, manufacture, and sale of
fulvic acid based liquid and powder nutrient compounds for plants and animals,
which are used in the agriculture industry in the Peoples Republic of China. I
like YONG here because it is holding ground no doubt due to the substantial
short interest at 16.44 days to cover per the last settlement date 11/30/2011.
If the price action can squeeze some then a break of the 20 and 50 Moving
Averages is possible on its way to $5. Hovnanian Enterprises Inc. ( NYSE:HOV )
engages in homebuilding and financial services businesses in the United States.
HOV is set to report earnings Thursday before the bell and appears as if it
wants to breakout today. The short interest is monstrous at 20.90 days to cover
is is no doubt holding the price action up. If $1.62 breaks here I wouldnt be
shocked if the price action hit $1.78 $2.04 before earnings. I just picked up
5,000 shares at $1.62 and well see where it goes. Corinthian Colleges Inc. (
NASDAQ:COCO ) operates as a post-secondary education company in the United
States and Canada. It offers various diploma programs; and associates,
bachelors; and masters degrees. After a recent 20% pullback from $2.75 to $2.19
COCO is bouncing off the 50 Moving Average but pulling back from the 20 at
$2.52. Im looking for entry with a swing between $2.40 and $2.75 to $2.90 short
term. The short interest on COCO, like the stocks above is fairly large age
23.93 days to cover. Uranium Resources Inc. ( NASDAQ:URRE ) engages in the
acquisition, exploration, development, and mining of uranium properties, using
the in situ recovery or solution mining process. I like the descending triangle
pattern here with entry just above $.77 $.80 because it creates for a tight
stop loss should the stock continue down. Again short interest here is 13.66
days to cover per the last settlement date on 11/30/2011 that could assist URRE
should it continue to hold $.80. Resistance ahead is at $.91, $.98 and !.08
before URRE could break the current downtrend. Royale Energy ( NASDAQ:ROYL )
operates as an independent oil and natural gas producer in the United States.
Big news ROYL sure looks like it wants to head higher as it shakes out the
profit takers from its last 26% move from $4.25 to $5.35 last week. If shares
hold this bull flag and pop we could easily see $6 or $7 in the short term.
There wont be any help from shorts on this one though at 1.22 days to cover.
Primo Water Corp. ( NASDAQ:PRMW ) provides multi-gallon purified bottled water,
self-serve filtered drinking water, and water dispensers in the United States
and Canada. PRMW bounced this morning, almost looked like a short squeeze early
on but then settled pulling back from resistance. Not much short interest here
either at 3.15 days to cover so Ill be interested to see if the price action
continues to creep up on the $3.50 range which could lead to a breakout. Dex One
Corp. ( NYSE:DEXO ) operates as a marketing solutions company. Solid bull flag
pattern here we could definitely see DEXO make another run soon if it creeps up
on $1.92. The short interest on DEXO is only 1.92 days to cover. I am long HOV
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