Setups Under $20 for 5-19-2011

I wanted to bring you a fresh list of Sub-$20 Stocks after skimming through some this morning. As I’ve previously noted, many of these tend to fall under the radar in my nightly scans, so by putting them in a separate post on occasion, I can bring more names to your attention 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 277 stocks, and along with a couple others already on my watch lists, here are the setups I found of interest with my notes on the charts. Enjoy!

Sub-$20 Stocks:

Chart courtesy of TeleChart

Chart courtesy of TeleChart

Chart courtesy of TeleChart

Chart courtesy of TeleChart

Chart courtesy of TeleChart

Chart courtesy of TeleChart

Chart courtesy of TeleChart

Chart courtesy of TeleChart

Chart courtesy of TeleChart

Chart courtesy of TeleChart

Chart courtesy of TeleChart

Chart courtesy of TeleChart

Chart courtesy of TeleChart

Chart courtesy of TeleChart

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.

Trade Like A Bandit!

Jeff