15 Lottery Specials Under $10

Unlike any of my other screens, this stock screen focuses on stocks trading under $10/share, and have a market cap of around $1 billion or less. As for the variables that I used in the screen, I focused on fundamentals, particularly companies that have a healthy balance sheet with little debt to speak of, with a strong prospect for rapid sales and growth in earnings, as well. 

Now be aware, that these kinds of stocks carry huge risks to them. A simple downgrade, news event, or missed earnings target, can derail these small-cap stocks in a heart beat. But if you have some capital that you want to roll the dice with, these stocks will give you a good start in your research.

Back on 6/16/11 when we last ran this screen I said to pay close attention to Ariad Pharmaceuticals (ARIA) at $9.50, and since then it has ramped up 37% up to $13. Fuelcell Energy (FCEL) was the second one I said to consider buying one and it has basically been flat. However, the stock still looks like it is prime for a move higher, once it clears the 50-day moving average. Fibertower (FTWR) was the other one and has managed to move about 7% higher.

I'd also like to add Power-One (PWER) which is sporting a fancy triple bottom and could see a move into the $8's as a result. A break below recent lows would be your sign to get out of the trade. 

Here is the complete list of $10 Lottery Specials.

Read more...

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: BiotechnologyElectrical Components & EquipmentHealth CareIndustrialsTelecommunication ServicesWireless Telecommunication Services
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!