Penny stock list for July 15, 2009.

Penny Stocks – ABK AIG AMNE BCND CORS FRE GNBT IDOI IGNT LGTT OPGX PINR VGPR

Attention to these penny stocks:

ABK – It has broken the PAR SAR and it has room to continue the run, however, it has resistance at 1.00, 1.11 and 1.20 (MA50), lets see today where it will stop, hold.

AIG – It needs to consolidate a little after the bounce, possibly it will fall a little further today, hold.

AMNE – Made an higher high, a small positive signal, what I want to see is a close above the open, that will be a real positive signal, hold.

BCND – It will make new highs today, it’s showing strength, hold.

CORS – Looks like we will not need to double down, made a powerful candle and great volume and buy pressure, it will continue the run, hold.

FRE – Made a doji, this is a signal of indecision, 90% of the time, when a stock makes a doji after a first white candle, it goes down the very next day, but, we still have the other 10%, lets hope for an exception here, hold.

GNBT – Still in accumulation, hold.

IDOI – As I said yesterday, it touched the .0016 support, but reacted very well, it closed with a doji and very close to the HOD, it will recover from here, hold.

IGNT – It has broken the MA50, but, there is a possibility of a bounce today because the +DI and -DI are very close, sometimes they make resistance and bounce to opposite directions, lets see today, possible double down today to try to get out without losses, the dilution continues, hold.

LGTT – Beautiful short candle with a low above the MA50 and a close above the RSI50 line, I expect a run today, hold.

OPGX – It’s trading sideways, lets see if it makes another spike soon, hold.

PINR – It tested the MA50 and it will bounce at this level, hold.

VGPR – Despite the black candle and the apparent sell pressure, this is just MM’s games, I am loving the volume, the run is very close, hold.

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Happy trading
Dr PennyStock

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