POT, SLV TSLA, BRZL, JAMN
Last Friday’s sell off from the morning highs was somewhat of a doozy. So here is our list of stocks to watch for Monday’s trading session. As usual, you will see different ideas, ranging from large caps to potentially hot penny stocks. The names are listed below:
Potash (POT:NYSE) The stock is a ways off the 52 week high now, after the stock split. POT did have a decent day on Friday. Please remember that takeover and merger rumors can turn this stock into a swing traders dream very quickly. Regardless if you have a long or short market bias, you should always have an Ag stock or two on your list of stocks.
IShares Silver Trust (SLV:NYSE) I heard that Dorsey Wright called for some sort of reversal based on his point and figure charting system. Shares of SLV ripped early in the day, and some thought silver stocks shorts may cash in the chips before the weekend. SLV still ended the day up over 2%, but the afternoon trading was a little weak for longs. This is obviously an ETF to watch, but also use SLV as a read on silver mining penny stocks. A reversal in the precious metal could make some obscure bulletin board stock turn into one of the best penny stocks to buy.
Tesla Motors (TSLA:NASDAQ) We often try to highlight stocks that are trending on Yahoo Market Pulse, and as of this entry TSLA is the fastest trending common stock on the board (3 ETF’s are higher.). TSLA often creates one of the best momentum trades in the entire market because of it’s sexy product and high beta. Just be sure to get a vibe on the direction before you act.
Brazos International (BRZL.PK) Sorry to mention this one again, but it just keeps winning the title of the IHUB most active message board. This borderline sub penny stock was down 18% on Friday and on pure activity basis is starting to remind me of Cascadia Investments (CDIV.PK). It’s probably safe to say BRZL will be active again on Monday. But guessing direction is the tough part.
Jammin Java (JAMN:OB) JAMN has been another staple on our stocks to watch list because some are still looking for an LEXG like run. Shares are still near the high and have performed very well. However, buying it up here is very different from buying it at the significantly lower price when we alerted our subscribers.
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