I have a couple stocks for you guys that are finally poised for possible reversal trends and they are different in a couple ways, but both could be set to pop a little more!
The first is Treaty Energy Corp. (PINK: TECO), an American-based company that engages in the acquisition, development, and production of oil and natural gas. With the prices of crude losing so much over the past few weeks, it could be time to look for a quick bounce on some of these stocks and TEC seems primed to be one of them. Luckily, it is one of the cheaper energy stocks and that means more risk, but so much more potential reward.
Both the MACD and ADX are showing potential crosses, which validate my suspicion of a potential reversal trend! The RSI has strengthened greatly over the past couple trading sessions and has literally shot out of oversold territory as TECO closes a mere $.0005 off the high on Friday for over a 17% gain!
Here is my favorite possible reversal of the two, The Brainy Brands (OTCBB: TBBC) has a little bit more meat on its bones even though it provides educational DVDs, books, games, and toys for babies, toddlers, and preschoolers in the United States and internationally. This stock has so much volume above a dollar; just take a look at the chart below! Now, TBBC is trading for slightly more than a quarter and smashed through its resistance level at $.29 to close a penny off the high of the trading session Friday for more than a 14% gain! It only had 60 trades Friday, but netted over $100k, which looks like some medium sized players may be accumulating this one. I might have to jump on this one myself!
There was a MACD cross a while ago, but it took some time to prime for it was so dramatically oversold – the positive line continues heading for the zero threshold still quite a ways off! The ADX had a cross, which indicates that the stock trend is growing positive and the RSI has cracked the centerline at 50!
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