MCP, POTG, BAC, GLUU, AA
Molycorp (MCP:NYSE) Along with the rest of the rare earth group, shares of MCP are looking weak. Tuesday showed a decline and despite the fact that the volume wasn’t especially heavy, MCP could have eyes for some lower support levels. There is also a gap to fill on the downside.
Portage Resources (POTG.OB) This super hot penny stock has been flying recently and the volume has been simply terrific. There is a potential double top at $1.24, that could spur either a breakout or additional profit taking if shares reach that level. Regardless of your bias, add POTG to your penny stock list.
Bank of America (BAC:NYSE) Three down days in a row could create some bottom fishing activity mid-week, but there is not a ton of technical support below these levels and the vibe in BAC is terrible. It’s probably best to stay away unless you have a super long term time frame.
Glu Mobile (GLUU:NASDAQ) We profiled GLUU in one of our recent Zynga IPO pieces. Shares of GLUU performed well on Tuesday and could see more action as the Zynga IPO date comes closer. GLUU has a market cap that is smaller than some penny stocks, so in a perfect, world it does have the potential for some nice percentage gains. But disregard the baseless takeover rumors for now.
Alcoa (AA:NYSE) Shares of this market indicator were down for the second day after posting earnings. While the decline isn’t large, the volume surely is and some large institutions might be bailing. There are some layers of support at slightly lower prices, but the sidelines seem to be safest on AA for now. Especially in this market.
More Penny Stock News, IPO Updates and Stock Market Research.
***Sign up above for FREE Penny Stock Alerts from our eMail list***
Related posts:
- Monday Stock Alerts GLUU, GGRI GLUU, GGRI, GLD, AA, SAVW Glu Mobile (GLUU:NASDAQ) We wrote...
- Tuesday Stock Alerts JAMN, WAMUQ MS, JAMN, KKD, POY, WAMUQ Morgan Stanley (MS:NYSE) Keep an...
- Wednesday Stock Alerts JCOF, WTFS KKD, JCOF, MMI, MCP, WTFS Krispy Kreme Doughnuts (KKD:NYSE) KKD...
- Thursday Stock Alerts CDIV, HH CDIV, BAC, POT, HH, BAC Bank of America (BAC:NYSE) Today’s...
- Stock Alerts RYUN, CHK NFLX, JAMN, BAC, CHK, RYUN Netflix (NFLX:NASDAQ) It seems like...
Related posts brought to you by Yet Another Related Posts Plugin.
Penny and Small Cap Stock Alerts