Every Wednesday night, the IBD200 list is released and includes the best of the best according to their SmartSelect Composite Rating.
From this list of 200, I focus on the stocks under $20 (only from a lack of time to do much more).
OK, let’s jump right in..
GNET – In nice bull trend. .Look for move above 12.92 or for a pullback to sma20 for possible entries.
SKH – Watching for break out of channel and above sma20.
MTZ – SMA20 support and now sitting on top of sma10. Would like to see it cross 21 for possible swing long.
NANO – look for move out of the box.
BRKS – Has offered great support above sma20 in the past. Today, it finished just below in tight bollinger bands. Watch for possible buyers on break of SMA20. 12.50 target entry.
UGP – Testing channel.
TQNT – The semis have had problems lately, but may appear to be basing. Watch for TQNT to move above SMA100 for possible entry.
LPSN – Today’s tall shadow makes me nervous, but chart is nice.
CROX – Might be basing. Watch sma100