Talk about an awesome run!
In just over 1 week since being mentioned in my Sunday night watchlist, $FFN has shot up a staggering 135%.
That’s why I love to hunt for low priced reversal stocks. Or any low priced stocks for that matter.
That’s because when they’re ready to go they’re ready to go.
Here’s the FFN watchlist chart…
That’s the caption I used — looking for $1.50 if that huge volume spike signaled a real turn. Little did I know…
Here’s FFN today…
So why did it get included in the watchlist? That great volume spike and the one day reversal. Always have to keep an eye on those.
Not to mention that excellent base/consolidation right before the move.
To be certain, these types of trades don’t come along very often, but you don’t need many to really make your month — or your year for that matter.
To learn what I look for in my trades, check out this post that details my entire trading plan.