2 Small Cap Stock Picks I’m looking to BUY Wednesday! $$
Jan 14, 2009 Small Cap Stock Picks, Technical Analysis
Heres 2 stocks that i have traded both in the past with much success. So i’m not scared to come back to either of these stocks that im familiar with and now ready to capitalize on again as both of them have very bullish stock charts and decent growth and fundamentals to back them up.
Small Cap Stock Pick #1 – ????
This stock has a very bullish stock chart forming a bullish ascending triangle pattern that looks to be on the brink of a breakout to the upside if it breakouts out around $7/share. I’m willing to bet that this will breakout rather than breakdown which is why im going to take a position in this in the morning . Theres some resistance at $8 which would make for a great short term trade but other than that theres no strong resistance until $11/share. ???? is way undervalued in its industry with forward earnings estimates of .81 eps in an industry with an average earnings multiple of 19.42. This sets a future fair value for this stock around $16/share compared to its close of 6.88 today.
Going long WED morning.
Technical Analysis
Small Cap Stock Pick #2 – ????
Heres another great looking stock chart yet this one has already begun the breakout process on increased volume today. So i’ll be looking to buy this on one a small dip around $5/share or so. Price broke our horizontal resistance today from its bottom channel/ascending triangle formation indicating prices should head higher. With forward earnings projected at .95 and its industrys earnings multiple of 15x earnings. This sets this stocks future fair value around 14 bux compared to its closing price of just 5.20 today
Technical Analysis:
