ZN, SIRI, EK, LVLT, VLNC
Zion Oil and Gas (ZN:NASDAQ) This oversold name is now not technically under 2$, but it was earlier today. Shares of ZN have rallied sharply today and are currently up over 35%. Keep in mind that back on 6/6/11, ZN traded at a high of $7.86.
Sirius Satellite (SIRI:NASDAQ) For a long time, SIRI has been a cult favorite of long term spec players and rebate traders. The stock has also lured some true penny stock players off the sidelines as well. At this point shares look oversold, but are currently sitting on crucial support levels. As usual, SIRI remains on many traders penny stock lists. Just keep in ming that SIRI just broke down on the weekly charts.
Eastman Kodak (EK:NYSE) How the might have fallen. Many low priced NYSE traders regard EK as a dog, but the shares are pretty hard to borrow if you had a incling to short. If you like EK, forget about all of their patent talk and focus on the fact that there is an upside gap to fill at $2.31.
Level Three Communications (LVLT:NASDAQ) Shares of LVLT are currently flat, but have seemed to stage a mini bounce of it’s recent bottom. Keep in mind that LVLT was trading at $2.67 in Mid-July and $1.37 seems like downside support.
Valence Technology (VLNC:NASDAQ) To the naked eye of a bottom fisher, VLNC seems like it has a decent chart. However, a break of $1.34 is needed for a confirmed reversal. Shares were at $1.84 in January, but be careful because this name is super illiquid.
Check back for oversold names and add these 5 stocks to your penny stock list.
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