One of the best indicators that a stock is breaking out is when it’s in a “Golden Cross” pattern.
That’s when the 50-day moving average crosses above the 200-day moving average.
It means that recent technical momentum should carry the stock higher.
That’s especially true when investing in penny stocks because their market caps and trading volumes are relatively low.
So, it only takes a small amount of capital to really get these stocks shooting higher.
Below is a list of four penny stocks that have all recently broken out in a bullish Golden Cross momentum pattern.
How much higher they can go from here is technically unlimited.
The best part is, they’re all in one of the strongest industries in the world: tech.
Here they are:
Globalstar Inc. (NYSE: GSAT)
Globalstar, Inc. has a Long-Term Technical rank of 97. This means that trading over the last 200 trading days has placed the company in the upper half of stocks with 3% of the market scoring higher. In the Telecom Services industry which is number 108 by this metric, GSAT ranks better than 95% of stocks.
Trivago (NASDAQ: TRVG)
A MarketBeat article calls Trivago a “forgotten travel recovery play”. Since that date (Dec 3, 2020), it has gone from $2.17 to the price you see below today.
Greepro Capital Corp. (NASDAQ: GRNQ)
What does Greenpro do?
According to its website,
GreenPro Capital Group consists of some of the most skilled and sought-after corporate advisors in the Asia region. With proven ability to solve the most complex corporate issues, we aim to assist our clients to capitalise their values and nurture growth by providing proficient advice to maximise their value.
Shares have experienced a sizable dip recently. See the chart below for the most up-to-date info.
MMTec Inc. (NASDAQ: MTC)
Ayrton Capital just disclosed a massive 8.56% stake in this company, according to Benzinga.
Here's a chart that shows its recent price movement:
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