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27 Oct

4 Stocks Under $1 For Thursday October 27, 2011

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Priced under $1, these 4 stocks all have the potential to jump 10% to 20% from here. Read on to see how I’ll consider trading them in today’s bull market.

Qiao Wing Universal Resources (NASDAQ:XING) has a market cap of $84 million and a very good looking short term chart. with support at the 20 Moving Average of $.78, a move above $.90 opens the door to a test of $1 short term.

Pacific Ethanol (NASDAQ:PEIX) touted good earnings Wednesday after the close and is sure to be on fire today. A tiny market cap of $11 million makes this a volatile play. I expect good liquidity today with resistance at $.51 before it could really breakout and test the $1 range. Support is at $.40 and $.36. This stock was alerted in our chat yesterday before earnings, click here to join us.

Mad Catz Interactive Inc (AMEX:MCZ) was put out to my subscribers at $.70 on Monday before the move. I still like it on it’s way up to $1. Click here to see how I spotted this big move before it ever happened.

National Bank of Greece (NYSE:NBG) looks like it could see the $.80 range today. From there I’d expect to see it consolidate and test $1 short term. Unlike the other 3 stocks on this list, it has a market cap above $1 billion so it won’t move as fast as the others. Support is at $.62 followed by $.60.

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