Small Cap Stock Picks Technical Analysis: 7/29/08
Wednesday, July 30th, 2008To find out what these stocks are, recieve real time email buy alerts, and receive our daily newsletters take Black Service for a test drive as we offer a 14 DAY FREE TRIAL!!
Small Cap Stock Pick #1
???? we just traded recently for a solid short term gain but it looks like it could be setting up for another big move that we can capitalize on as this stock has been very volatile so while we could see some big gains it also poses some risk. Price action made an awesome bounce off of the 13ema support level and rallied 24.5% Tuesday to close at 1.93 up .09 from our entry at 1.84. This chart is just so sexy, i needed to take it for round 2 of love making.
Technical Analysis:
Small Cap Stock Pick #2:
???? is another stock thats chart was just way to attractive for me to pass up as this stock has been beaten down dramatically over the course of 08′ . But with this recent volume and bullish chart behavior i needed to hop in for some action. Price made a great looking bounce off of the 13ema trend support level on increased volume rallying 21% tuesday as well as breaking out from its bullish pennant formation which suggests a continuation to the upside. We bought ???? at 8.44. Next strong resistance level is near $10 which may be a good spot to take some profits. But a breakout above $10 will be a very bullish move.
Technical Analysis:
