Friday, October 7, 2016

Thursday Hot Penny Stocks List

PennyPro
Morning Traders,
 
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Here are 4 hot penny stocks under $5 I am watching for today
 
GSAT - Coming off a long downtrend and a sideways move, Holding $1.15 is key with potential targets of $1.34 to $1.43. Currently 11.27% of the float is shorted, could be a nice short squeeze candidate.
 
RGSE - the ideal short squeeze play for the day. Doji candle on Tuesday with a bullish hammer yesterday. Currently 11.90% of the small float is being shorted, major opportunity for a short squeeze to mid $3s or even $4 dollar range.

TNK - Has yet to break above the 50 MA line since early June, doing so could cause some of the 7.29% short positions to cover and give a short cover bump. I would look at $2.80 to $2.90 as easy short term targets if $2.70 is broken today.
 
XCO - Nearly 9% of the shares in the float are being shorted and we are nearing a key 200/50 MA line break, this could pop to high $1.30s to low $1.40s on the next move up.
 
 
 
 
Jeff Williams
PennyPro.com
 
 
 
 
 
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