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After running a few MarketSmith scans last night and finding a handful of candidates, we decided to publish these inexpensive chart findings anyway. Generally, we stay away from low priced stocks simply because institutions aren’t interested in small-cap holdings.
MarketSmith BlueDot
Ribbon Communications (RBBN) is in the wireless carrier “software and hardware” infrastructure industry group. With all that is going on in the 5G spectrum, we’d anticipate more of these companies will start showing up in BlueDot scans.
Keep an eye on RBBN. Price action is increasingly bullish and volume is increasing on the breakout as RS Line makes new highs.
Extreme Networks (EXTR) has a broader group of offerings. Earnings are increasing as the company garners more market share.
Price action is bullish and volume is increasing on the breakout this week as RS Line rises.
Watch these two candidates over the next few days to compare their performance to their industry peers.
GOGO, Inc. (GOGO) is in the “in-flight connectivity” business, creating solutions for the aviation industry group.
We’re watching GOGO for a breakout.
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Happy Trading,
Vinny
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