A weekend email discussion took place between a Bandit and me regarding lower-priced stocks. The question was raised of why I don’t post more of them. Good question! My response was that quite a few of them simply tend to be off my radar, not because I’m against them.
So, what I’ll do is to periodically point out some Sub-$20 Stocks here for the sake of sharing ideas. The nightly Broadcast will still be a look at my personal trading plan for the following session (some of which will also be lower priced), but I enjoy hunting for stocks and generating ideas here. Therefore, this will be one way I can put more names on your radar without complicating the nightly Broadcast.
Today I ran a simple scan for stocks between $6 and $20 with a 21-day volume average between 200k and 500k. (Note: the values in the legend for volume in the white boxes is current volume.) This scan generated 265 stocks, and here are the setups I found of interest with my notes on the charts. Enjoy!
Sub-$20 Stocks:
Ideas? Comments? Thoughts? Bring em via discussion below!
**Be sure to keep an eye on the earnings calendar to avoid any scheduled fundamental news – that stuff can get ya.
