These are some penny  stocks that I believe might be worth putting on your penny stock radar list.  Some are old names that you see around the small cap  chat rooms and some are new ones that I have unearthed and feel are worth taking a look at.  I have searched for small cap stocks that have interesting charts and are looking like they could turn and deliver some nice gains for my readers:

NTRO

NTRO is one of those penny stocks that gets lots of play on the boards and is prone to being “pumped”. However, the MACD has turned bullish and is approaching the zero line.  It is neither overbought or oversold and is trading at its 200 MA line.   Support is in the .026 and .027 cent range and resistance is .039, .040 and .050.  The stock is an oil and gas play, development stage with no revenues and limited cash.  Short term play only!

PWEB

This is a stock that may take several days or weeks to “turn the corner”, but it is worth looking at. Pacific Webworks, Inc. (PWEB) bills itself as a “one-stop shop” for companies that are trying to get their businesses online.  According to their  July 29th press release, the company generated $9.2 MM in revenue last year and previously forecast $16-$18 MM for the current year. The company now believes that full-year revenue will be $23-$24 MM.

The  stock is trading down to the lower Bollinger band and is becoming oversold.  The MACD is still bearish, but I think my readers want to be there when it turns bullish. With a strong company, strong balance sheet, surging revenues it is only a matter of time before this stock gets hot again.  I recommend checking the news and chart for this penny  stock every day until it turns…and, I believe it will.

SCLX

A China play that has “rebound” written all over it.  The stock has been beaten down over the past few weeks and Stochastics indicate that it is oversold.  I know that history is no foreteller of the future, but look at what the stock did every other time (recently) when it hit oversold status.  POP!

The stock is at a key support level and while the MACD is bearish, the stock has kept up good volume and could turn quickly. The company is posting some huge numbers and growing like a weed.  Once the profit takers have sold out, the stock could rebound through resistance at .45, .47 and .50.  After that, there is not much resistance until its recent high of .59.

Have a great week.  Don’t forget to protect your profits when they come. Keep those emails coming!  I love your feedback and ideas.

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