Five Low-Dollar Names Set to Breakout This Week
Five New Stocks on the Breakout Watchlist
There are three things that tell us when a low-dollar stock is about to breakout:
A shift in momentum…
A bullish technical crossover…
And an increase in volume.
These are the criteria that will land a stock on our Breakout Watchlist.
On Friday, we added Western Magnesium Corp. (OTCMKTS:MLYF) to our Watchlist.
And breakout it did – over the course of the day, this low-dollar name rallied 40%.
We may not have had a position in this stock, but that’s just one example of the incredible, fast-moving profit power behind the penny stocks we’re highlighting every day.
Today, we have five new names to add to the Watchlist:
- BZWR
- MDCE
- RGBPP
- UNRV
- WSTRF
Want to see where these names stand today – and check out the rest of the penny stocks we’re watching?
And now, onto today’s highlight…
Penny Stock Highlight: MDCE
Today, we’re taking a closer look at Medical Care Technologies Inc. (OTCMKTS:MDCE).
Headquartered in Hong Kong, this $0.01 healthcare company opens and operates multiple children’s integrated health and wellness centers in China.
The stock first got a kick in early May of this year, jumping 100% over the course of the month as the stock went from $0.01 to $0.02.
That’s right – this stock moved only a cent, yet could have handed investors a 100% profit.
And now, it’s doing it again.
Let’s dive in…
Let’s Get Technical
Click To Enlarge
Volume is on the rise again as well, which indicates the “crowd” is back on the radar – which is important, according to my 10 Commandments of Trading Penny Stocks.
A BB break, rising MA, and increasing volume? This stock has all the makings for a breakout back towards a target of $0.03.
And that move will translate to a 100%-plus jump in the stock – a stock-level increase that you won’t catch in the NYSE or the Nasdaq.
Mark Your Calendar: The Primetime Trading Summit
I’m going to start going live every week here for Penny Hawk members. Stay tuned for the details of my first session – it’ll happen right here, in the live Penny Hawk room.
But if you like live trading, then I have great news for you. My colleagues and I are about to kick off the biggest live trading event of the year.
Register now for Money Morning LIVE’s FREE, one-time event: ThePrimetime Trading Summit!
It’s all happening at 7:00 PM ET on Thursday, August 12. And you can get on the list now. You don’t want to miss the biggest LIVE trading event of the year – REGISTER HERE and score all of our exclusive pre-show warmup freebies.
I’ll be back tomorrow with another penny stock to share,
Chris Johnson
Penny Hawk
Comments
August 09 2021
