STRATEGY OF THE WEEK

Finding stocks that nobody cares about which suddenly come alive with buyer support is a great way to swing trade your way to profitability. Each morning, I seek out stocks that meet the criteria of my Simple Swing strategy, looking for those with the right chart pattern for a run higher in the relative short term. Some recent examples of stocks meeting my rules are ELNK, MNGA, CAS and CALM.

This strategy tends to have a lower success rate but a higher reward. When it works, it can work really well.

I found a few more this morning, here are three to check out:

STOCKS THAT MEET THE FEATURED STRATEGY

1. OPTT
OPTT started its move from the open this morning, its run higher was pretty swift so I like this one better if it can pull back a bit first. With a few days, it can be lower but looking out a week or two and it has good potential to be higher. Support at $0.65

2. PRAN
PRAN had a jump in volume and price at 10:35 this morning and that allowed it to break its downward trend line. Support at $1.20.

3. ATEN
ATEN broke out of a cup and handle pattern today with strong volume. I picked it up at 9:44ET and the stability in to the close makes me think it has good potential to continue higher. Support at $5.40.

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