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Tuesday, June 2, 2009

Some stocks I'm watching that are potential breakouts

Keep your eyes on BZCN (Biz Auctions)....Up about 21% yesterday and looks to be a great candidate for a market hype breakout. The new headline is...BizAuctions Plans Retail Store Opening for Revenue Growth ...but who cares what this company really does. Its just another company on deck for us traders to make money on. I'm going to post two charts on this one. The first is the 5 day chart. Just look at the volume increase today...its starting to pick up steam...



The next chart I would look at is the 10 day....If this price breaks across .004 then be prepared for a nice upward move from there. This one is hot on my radar....

Some other stocks to keep your eyes on....

SPNG...up about 15% yesterday on some more "incredible sponge" news...lol

IGNT...up about 15% on decent volume and some news

and the riskiest of them all is RMTD...you can make a ton or lose everything on this one...be careful.

I wish I could watch these all day tomorrow but unfortunately I have to work all day so I hope you guys make some money on these if they cooperate. Good luck trading!!!

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