The Next 2 Biotech Penny Stocks That are about to Explode. I’m Long GNVC and ALTU
Jun 8, 2009 Small Cap Stock Picks
Anyone who has been trading actively lately knows damn well that biotechs have been whats hot in the market and has presented numerous opportunities for us to make some huge profits in. Such as our huge gains we pulled in ANPI and CTIC just recently for Black Service as well as some other stocks that the ttt.net trading crew banked on such as HEB, GNBT, and AGEN.
Now I think we have come acrossed the next two penny stocks that have huge upside potential after the moves that made made on friday on some outstanding volume. GNVC had some rediculous volume come in on Friday as it made its breakout above horizontal resistance around .80 and is up to .84 in after hours trading. Its volume of 16.1 million shares which is the highest single day volume for GNVC since it debuted to the market 9 years ago. This extrememly bullish chart and the momentum we have going with biotechs i think this is an easy quick trade to a dollar minimum which would be a quick 25% trade as Black Service went long here at .7972. There’s been a lot of chatter about GNVC over the week so i think we should expect this to be hot out of the gates monday morning.
Next biotech penny stock we picked up is ALTU which has had increasing volume and strong moves since mid March. After consolidating for some time Fridays move spike again in volume and while didn’t quite make the breakout point this chart pattern and volume tells me theres a lot of potential for this to breakout in the near future.
Looking forward to see what these stock have in store for us this week.
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