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October 7, 2008

Penny Stocks to Watch by Stock Analyzer for October 7th

By admin
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Submitted by Stock Analyzer

Penny Stocks to Watch

Here are a few stocks to watch during this down market:

SKNY a alert for us today closed up 9% on the day. Resistance on the bid at .20 then possible .24 upcoming

PWRM a risky play here, had great news pre market monday am so watch for a gap up and resistance at .05 .0551 ahead. If the stock pulls back we would need to hold over .025 to fill the gap then stay IN PLAY

Watching AIG to see if we can hold 3.25 support levels. If we do then watch resistance at 4.50 to 4.96 ahead

RNVO I added today at .0013 and .0015 as we came to the 20 MA line support levels at .0014 .0013. Resistance is at .0027 ahead if we turn up off this bottom trendline.

ETFC if we can hold 2.60 we could be set up for a bounce tomorrow to 3.10 and 3.16 ahead

MPS possible bounce to 9.50 ranges. Must hold 8.50 here if we dip again tomorrow

I am not a registered broker so please buy and sell on your own choice. These are just my opinions and should not be used for buy/sell signals.

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