Morning to all traders and Happy Monday.
The S&P 500 futures are slightly higher on Monday as insurer Aetna purchased Coventry Health Care for $5.7 billion. The Nasdaq is down 2 points and the DOW is down slightly meaning we need to watch carefully before looking to enter any of the below mentioned stocks for Monday August 20.
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RAD – a stock we have been following for a while now continues to hold that solid base of support around $1.10 to $1.15. The next resistance point is $1.38 followed by $1.46
CWET – a interesting little penny stock here with support at $.015 and $.02 levels. Looks like it appears to be wanting to reverse off this bottom but will need confirmation today. Resistance at $.03 and $.034 here for this penny stock Clean Wind Energy Tower
WAVX – I called this trade last week and it had a very solid close Friday. I am actually watching for a $1 test here on WAVX but if the markets pull back today, look for a possible entry in the mid to high $.60s
URRE – my “alert” from last week is showing a nice base in the $.45 to $.49 area. A continuation could get us to $.55 or $.60 short term and if Uranium continues to show growth in late 2012 then look for another possible test of $.80 plus longer term.
SOMX – is a wild card here but nice support at $.25 to $.27 levels with resistance at $.33 $.35 and $.38 levels ahead.
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About BeaconEquity.com
BeaconEquity.com is committed to producing the highest-quality insight and analysis of small-cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily OTC stocks in the stock market today, which have traditionally been shunned by Wall Street. We have particular expertise with renewable energy stocks, biotech stocks, oil stocks, green energy stocks and internet stocks. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.
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