By Jeff Pierce
This stock has been showing up on my momentum screen every day this week. I was going to add it to this category yesterday, but I didn’t have time to make a post and since it’s under $8.00 it’s not really that much of a priority as I tend to avoid them. However I’m going to report on this because it has a look of a stock that could be a big winner.
Like I said I personally try to avoid stocks under $8.00-$10.00, but every once in awhile I will buy a smaller priced stock. I also tend to shy away from oil & gas stocks as I haven’t had the best of luck trading those. I’m not buying this currently as I have been only focusing on the stock within my tradewithZEN focus list, but for those who like to speculate on lower priced momentum stocks this could be right up your alley.
Jeff Pierce is a momentum trader that specializes in market timing. He utilizes a proprietary timing system that helps minimize emotions and trading biases within his trading plan. He offers a free newsletter at zentrader.ca that alerts you to trend changes within the market so you’ll always be on the right side of the trade.