BEST of the Best for $1 Best Stocks to Buy for
Post# of 18521
Best Stocks to Buy for Around $1
(NXTD, MBII)
By John Burke | February 12, 2016
http://www.investopedia.com/articles/markets/...er=YahooSA
For investors prone to fantasizing about making a tremendous windfall on a longshot trade, the scenario usually involves buying a couple thousand shares of an undervalued stock, trading in the $1 range and selling those shares when the price hits $20. Attempts to make such dreams come true usually have unhappy endings. When the market beats a share price down to the penny stock range, it typically does so because most of the shareholders are running for the exits in fear of losing significant amounts of money.
However, there are many cases where a stock becomes wildly oversold due to an unfortunate news event or random circumstance. In some of those cases, buy-and-hold investors reap generous rewards for their patience after the share price makes a strong rebound. When searching for a lotto-ticket stock in the $1 range, focus on fundamental and technical indicators offering the possibility for a potential comeback.
NXT-ID
Keep an eye on NXT-ID Inc. (NASDAQ: NXTD), a mobile commerce and biometric security technology company. Its stock price experiences frequent surges, climbing into the overbought range when its relative strength indicator (RSI) rises above 70. Investors respond well to the company's news, such as the Jan. 25, 2016, news release about the rollout of Wocket, causing a 29.11% price jump to $1.02 per share during that day's trading session.
The company touts its Wocket as the world’s first smart wallet. Wocket stores information from credit cards, debit cards and other data. Wocket includes near-field communication (NFC) technology, allowing customers to use this device instead of a card. Use of a smartphone or Internet connection becomes unnecessary because the customer conducts the transaction via NFC. The included WocketCard works anywhere credit cards are accepted and requires the customer's biometric (voice) stamp of approval to complete a transaction.
NXT-ID also produces FaceMatch, a modular facial recognition system for smartphones, tablets, laptops and desktop computers. VoiceMatch offers secure access to smartphones, laptops and other devices. MobileCloud and BioCloud provide remote access with identity authentication.
The stock price performance chart for NXT-ID shows the stock spending the second half of January 2016 above its 50-day moving average, after experiencing a bearish death cross on July 14, 2015. Its moving average convergence divergence (MACD) is soaring above the signal line, as both are well above the zero line. NXT-ID has a market capitalization of $31.95 million. Mike Latimore of Northland Capital Markets gives this stock a rating of outperform, with a price target of $5.75.
LiqTech International
Denmark-based LiqTech International Inc. produces crystallized silicon carbide filters for filtering drinking water, waste water and other liquids. The company also manufactures diesel particulate filters for removing soot from diesel exhaust. LiqTech produces kiln furniture for the refractory industry, allowing extra room to include additional items for the kiln's firing process. With a market capitalization of $35.2 million, LiqTech has a forward price-to-earnings (P/E) ratio of 17.8.
A review of LiqTech's stock price performance chart demonstrates that this stock appears to be completing a bottoming pattern in the wake of its golden cross moment on Oct. 6, ending a downtrend in effect since the ominous appearance of a death cross on Halloween 2013. The RSI indicates a failure swing bottom with the rise above 44 on Jan. 25 sending a buy signal with a closing price of 89 cents per share. Watch for this stock to attract buyers with a rise above its 200-day moving average of 93 cents.
Eric Stine, a senior research analyst at the Craig-Hallum Capital Group, has LiqTech on the firm's Alpha Select List.
Marrone Bio Innovations
Monsanto’s public relations nightmare is music to the ears of those holding shares of Marrone Bio Innovations Inc. (NASDAQ: MBII). Marrone Bio Innovations provides pest management and plant health products for environmentally responsible and sustainable production in the agricultural and water treatment industries. With a market capitalization of $20.8 million, Marrone is making adjustments toward reaching profitability. Recent changes include appointing Nancy Hood, founder of Silverlake Consulting, as vice president of marketing. Another change involved the addition of Michael Benoff, former chief financial officer (CFO) of the Money Store, to Marrone's board of directors.Marrone's encouraging technical signals include an RSI emerging from a long stint in the oversold range and the advance of its MACD above the signal line. Expect to see some bullish trading action once this stock climbs to within 20% of its 50-day moving average after finding support at its Jan. 25 closing price of 85 cents per share.
$NXTD, #WOCKET