Wednesday's featured stocks are RENN (Renren Inc.) and JAMN (Jammin' Java Coffee) — two very different plays showing strong momentum signals.

RENN — Renren (Chinese Facebook)

Renren Inc. (NYSE: RENN) is China's leading real-name social networking internet company, often dubbed the "Facebook of China." After its high-profile IPO, RENN has pulled back to penny stock levels, creating a potential re-entry opportunity for risk-tolerant investors.

JAMN — Jammin' Java Coffee

Jammin' Java Coffee (OTC: JAMN) continues to build a following among penny stock traders. The specialty coffee brand's reggae-themed marketing and premium positioning make it an interesting consumer micro-cap play.

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