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.
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.
Join us today in the trading room for our LIVESTREAM broadcastduring market hours, as we navigate the current environment. Watch, listen, and trade from 9:20 AM to 4:15 PM Monday through Friday.
Want to become a member? Check details here:
Disclosure: As an #ibdpartner, that means my use of investors business daily suite of services is complimentary. I also receive compensation from the company for my technical analysis services.
Disclaimer: Do your Own Research
Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional investment advisor in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. Trades and or positions listed and taken from the watchlist are my own and should not be considered “advice” to enter any particular position or asset.
We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.
Live broadcasts are educational in their content. Proper risk management is considered on every trade or asset mentioned.
*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities.
As always, the use of technical and fundamental analysis is encouraged in order to fine-tune entry and exit points to average seasonal trends.
These mentions are stocks that we may or may not decide to trade as outlined in the watchlist. Always use a stop.