Four More Stocks with Gain Potential in February
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After all, 2009 started off on an even sourer note, only to be followed by one of the strongest rally years in history…
This week we’re going to try to capitalize on any hint of a reversal with our weekly Penny Stock Watchlist… we’re also going to take a look at a downside play just in case this week fails to live up to investors’ expectations.
As usual, while our Watchlist errs on the safe side of small-caps, using technical analysis to tell us where a stock is headed, we opened the comments up to readers again this week, giving you the chance to offer up more speculative penny stock plays.
Check out the comments after this article on the Penny Sleuth website to get a glimpse at a slew of new user-submitter penny stock picks — and the chance to submit your own!
First, though, let’s take a look at this week’s breakout penny stocks worth watching...

Beach First National Bancshares (NASDAQ: BFNB) – Shares of this tiny regional banking stock broke out last month, hitting resistance right around the $1.20 level. But consolidation right under resistance right now suggests that shares could stage another breakout in the short term. Still, stay away from shares until a close above the black line.
R.G. Barry Corp (NASDAQ: DFZ) – I know, this isn’t the first time DFZ has made our watchlist… But with shares continuing to form a picture-perfect ascending triangle pattern, the imminence of a breakout should make the wait well worth it. Don’t consider going long until the trigger set last week is breached.

Ebix, Inc. (NASDAQ: EBIX) – E-commerce software provider Ebix is this week’s downside play. Shares of the company have been set on a bearish head and shoulder pattern for several months now, and a breakdown below shoulder level last week could turn into some palpable gains this week. Wait for a confirmation bounce down off of the blue line before taking the trade.
Quality Distribution, Inc. (NASDAQ: QLTY) – This trucking company bounced off of its 50-day moving average during Friday’s trading. That move should set us up for some upside movement to start this week.
Once again, we’re going interactive this week...
Just visit this article at the Penny Sleuth website, and post your recommendation in the comments section between now and the market’s close on Friday, February 5 to share your top penny stock play with the rest of the world.
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