Penny Stocks Finder Blog

Well not many stocks can handle the pressure of the current market. However, I'm still keeping an eye on SFMI. I highlighted it yesterday as one of the few penny stocks that held up well during yesterday's market sell off.



SFMI did return some of its gains today. However, looking at its technicals, it still shows sign of a good future. It still has an upward trend and is riding the top of its bollinger bands. It was at 0.15 not too long ago and if it's able to get back up to that level again, I'll have my sights set on it. Then a breakout would be very likely. Until then, I'm looking for a return to its EMA(18) for a nice buying opportunity.

I'll try and dig up some more momentum stocks tonight after the market closes.

PennyStocksFinder

Labels: SFMI

Well, as I'm sure you already know, today was a very tough market day. With the 700 billion dollar "economy bailout" bill being rejected, the market fell over 700 points. The tone on the stock chat was dark to say the least.

To help show that the skies are not all gray, I've located some stocks to discuss that didn't look nearly as sad as the overall market.

First one that caught my eye was, MBTG who is Millennium Biotechnologies Group, Inc. (Millennium) engages in the research, development and marketing of specialized nutritional supplements as an adjunct to medical treatments for select medical conditions, as well as for athletes.



As you can see from the chart above MBTG had a nice pop today. It was up over 40% and its RSI and stochastics are showing signs of gaining strength.

Another one that looked good today was Silver Falcon Mining (SFMI), which ended the day up over 20%. SFMI had over 1 million shares traded and RSI of over 60.



The chart above goes on the show how SFMI's stochastics are showing an upturn and the RSI is moving up into very bullish territory.

So, chin up investors. There are still some great trades to be had.

Best trading!
PennyStockFinder

Labels: MBTG, SFMI