5 Low Priced Gems

TM Editors' Note: This article discusses one or more penny stocks and/or microcaps. Such stocks are easily manipulated; please do your own careful due diligence.

Recently I added some new positions to the Barchart Van Meerten Speculative portfolio. The portfolio contains stocks trading below $10 per share that have hit the most frequent new highs in the last month.

The new additions include: Lakes Entertainment  (NASDAQ:LACO), Polymet Mining  (NYSEMKT:PLM),  NovaCopper (NYSEMKT:NCQ),  Adecagro (NYSE:AGRO) and Dice Holdings (NYSE:DHX)

Lakes Entertainment (LACO)

Barchart technical indicators:

  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 3.34% in the last month
  • Relative Strength Index 72.39%
  • Barchart computes a technical support level at 8.42
  • Recently traded at 8.64 with a 50 day moving average of 7.86

Polymet Mining (PLM)

Barchart technical indicators:

  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 25.23% in the last month
  • Relative Strength Index 84.88%
  • Barchart computes a technical support level at 1.11
  • Recently traded at 1.33 with a 50 day moving average of 1.10

NovaCopper (NCQ)

Barchart technical indicators:

  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 2500% in the last month
  • Relative Strength Index 65.50%
  • Barchart computes a technical support level at .68
  • Recently traded at .70 with a 50 day moving average of .58

Adecagro (AGRO)

Barchart technical indicators:

  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 21.79% in the last month
  • Relative Strength Index 73.62%
  • Barchart computes a technical support level at 9.49
  • Recently traded at 9.75 with a 50 day moving average of 8.32

Dice Holdings (DHX)

Barchart technical indicators:

  • 24% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20 and 50 day moving averages
  • 12 new highs and up 8.06% in the last month
  • Relative Strength Index 64.75%
  • Barchart computes a technical support level at 8.93
  • Recently traded at 9.24 with a 50 day moving average of 9.12

 

Disclosure: None.

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