Here are the results of a scan completed on finviz.com over the weekend.
The criteria was:
A) stocks under $10
B) average trading volume over 200K per day
C) percentage of floating shares shorted at 10% or higher.
The criteria was:
A) stocks under $10
B) average trading volume over 200K per day
C) percentage of floating shares shorted at 10% or higher.
These are only for short term trading where I'm looking for 5-7% moves (more in some cases); not long term holds for your IRA. They are low priced and thus inherently carry more risk. If you decide to trade in this arena know that large losses can come very quick, so you must monitor them closely if you put on a trade.
Here are a few that already broke out from consolidations on Friday. While the initial move has been made, they can still run higher. So don't forget to check the charts from this group: AMSC, ARAY, CLDX, CRIS, CYTX, FTR, RJET, STRI.
From the list below, my favorites are AMRS, MRGE, THLD.
Some that didn't quite make the list below but are still on my watch list: CLWR, DANG, GTAT, GTIV, MILL, NKTR, NR, NYT, SQNM, TSPT.
There are plenty of other low priced stocks that didn't meet this criteria that are setting up for moves. Take note of the solar group & some of the newspaper stocks - LEE, MNI.
ALWAYS use stops to protect from big losses.
Click on charts to enlarge view:
Some that didn't quite make the list below but are still on my watch list: CLWR, DANG, GTAT, GTIV, MILL, NKTR, NR, NYT, SQNM, TSPT.
There are plenty of other low priced stocks that didn't meet this criteria that are setting up for moves. Take note of the solar group & some of the newspaper stocks - LEE, MNI.
ALWAYS use stops to protect from big losses.
Click on charts to enlarge view:
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