Monday, January 9, 2012

Running With The Bulls; 7 Stocks Under $3 Greener Than The Hulk

Stocks like NEI, ACLS, AEN, MTSN, GTHP, LWLG, and ZGNX are already up quite a
bit and many are overbought so its particularly important you know and
understand both daily and intraday technical analysis to score these swings.
Continuation patterns are what to look for here. Normally I try to position
before the move like I did with HDY recently at $2.36 before it ran about 24%
five days later for $5,718 profit, 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. Many of the charts below will be short lived opportunities,
however, back-testing on this filter shows some push forward considerably
despite being overbought. The following stocks could deliver some decent profits
moving forward if they continue so here's what I'll be watching for. Network
Engines Inc ( NASDAQ:NEI ) designs and manufactures application platforms and
appliance solutions on which software applications are applied for enterprise
and telephony information technology networks. Axcelis Technologies (
NASDAQ:ACLS ) designs, manufactures, and services ion implantation, dry strip,
and other processing equipment used in the fabrication of semiconductor chips in
the United States, Europe, and the Asia Pacific. Adeona Pharmaceuticals (
AMEX:AEN ) operates as a pharmaceutical company that develops medicines for
central nervous systems. Mattson Technology ( NASDAQ:MTSN ) designs,
manufactures, and markets semiconductor wafer processing equipment used in the
fabrication of integrated circuits for the semiconductor manufacturing industry
worldwide. Guided Therapeutics ( OTCBB:GTHP )

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