Are These Money-Making Penny Stocks On Your List?
The great thing about trading penny stocks is that they can move so quickly. In a week, a penny stock can move the equivalence of a blue-chip stock, in a year. That’s why it’s important to catch a penny stock before it makes a big move. Though some penny stocks can rally for a few days, others can see bull markets lasting for months.
I have to point out that penny stocks do carry a large amount of risk too. You can lose money as quickly as you gain it. So it’s important to prepare a game plan. Furthermore, conduct a thorough analysis of whatever company you plan on putting money into.
There are thousands of penny stocks to watch on the market which makes it very difficult to pinpoint good investments. Financial articles and websites help filter out a lot of potentially bad companies. For instance, this article has some penny stocks to watch that have seen strong moves so far. Could this trend continue into next week?
Penny Stocks To Buy (or Sell) Next Week: R.R. Donnelley & Sons Company (RRD)
The first on this list of penny stocks is R.R. Donnelley & Sons Company (RRD Stock Report). This company prioritizes market solutions and business services to improve its clients’ interactions with customers. The company offers packaging services, process management improvements, as well as data solutions that promote efficiency.
When looking at this company’s 1-month chart, it is clear why R.R. Donnelley is catching investors’ eyes. For starters, on September 25th the company increased by 20.45% with a giant spike in volume. Over the entire month’s time frame, the penny stock is up 31.5% and since July, RRD stock has been up as much as 151%. Could it look for a continuation next week?
Penny Stocks To Buy (or Sell) Next Week: McDermott International Inc. (MDR)
Another sector that is garnering attention is the energy sector due to global changes in energy needs. McDermott International Inc. (MDR Stock Report) is an energy company that creates energy solutions and designs. This includes offshore oil and gas facilities, power plants, and water storage and treatment facilities.
This penny stock got absolutely hammered over the last month up until October 4th. It had fallen 73% and dropped 64% in a single trading session on September 18th. However, since the 4th the stock has started to rally.
It was trading at $1.63 on October 4th and is now all the way up to $2.20, a 28.5% increase. The heavy drop brought a lot of investors buying the stock at cheaper levels. Could this help the penny stock put in a strong move next week?
Penny Stocks To Buy (or Sell) Next Week: Superconductor Technologies Inc. (SCON)
The final company on this list is in a niche market within the technology sector, superconductors. Superconductor Technologies Inc. (SCON Stock Report) is a leader in superconducting innovation with its Conductus products. Conductus is a superconducting wire platform that is both low cost and high performance. It can carry 100 times the carrying capacity of copper and aluminum wire.
In a similar manner to McDermott International Inc., the company recently had a massive beatdown. From October 1st to October 8th, the stock had dropped 67.7% but has started an upward trend.
This also encouraged massive buying and an influx of volume that was previously lacking. With this news of closing a $3 million public offering and latest momentum, could it continue upward next week?