Now that Santa Clause has made his rally in the stock market, many traders are looking around and have only been able to get a few good trades here and there. The stocks are taking a quick breather in between this most recent upturn and the subsequent remaining months of the winter. So what can a penny stock trader do to find good stocks this time of year?
I would strongly suggest taking a look at industrialized services and corporate services. After taking some time to look things through, I found out that a company called OTIV that had a unique pattern to it. Regardless of their most recent deal to acquire a new company, Ganis Systems Ltd., which would give them more technology to share with customers, they had fallen down in the late days of December.
These sorts of stocks quite often bounce once the holiday season is through. The reason is due directly to the fact that more consumer oriented stocks get most of the attention during December. It makes the market for services like these deflate quite a bit and become oversold, creating a new chance at money making when the stock bounces back up as a result.
After alerting this one to my subscribers, it went far up from $2.78 to a high of $3.40. The stock itself is experiencing a pretty solid correction that is supposed to come after a change like this has been made. It was relatively ignored during the Santa Clause rally and it created a pretty solid double down, which indicated it was prepared to bounce to a new high.
These are the sorts of indicators to look for when finding what penny stocks you should be trading. You can often see the market make a rather significant bounce as a result of deflation and inflation of hype towards various sectors. Being aware of it can allow you to profit from it.
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