Are These 3 Penny Stocks About To Rally?

Shares of Sundial Growers Inc. SNDL, Castor Maritime Inc. CTRM and Cinedigm Corp. CIDM have all been trending lower, but have reached support levels. That means there’s a chance the sell-offs are over, at least for now. They may even stage some type of rebound.

Investors and traders should watch these levels carefully, however. If the support starts to give way, the shares could resume their downtrend.

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For Sundial, the support has been around the 70 cents level.

Castor has found support at 40 cents.

The $1.15 level has been support for Cinedigm.