Broadwind Energy (BWEN)

[JDS81]

Today from The Street:



>>5 Big Stocks to Trade for Gains Into 2012

I’m not as eager to recommend investing long-term in stocks that trade for less than $10 a share because these names can be very speculative, and the odds for picking the long-term winners aren’t great. But I definitely love to trade stocks that are priced below $10. I like to view them as a trading vehicle with lots of volatility and lots of upside when the trade is timed right.

When I trade under-$10 names, I do it almost entirely based off of the charts and technical analysis. I also like to find under-$10 names with a catalyst, but that’s secondary to the chart and volume patterns.

Here ‘s a look at a number of under-$10 stocks that look poised to potentially trade higher from current levels.

Broadwind Energy



One under-$10 stock that’s sitting right around some key breakout levels is wind energy player Broadwind Energy (BWEN). This stock has been crushed by the sellers so far in 2011, with shares off by over 70%.

If you take a look at the chart for Broadwind Energy, you’ll notice that this stock has been uptrending for the past two months, after it hit a low at 26 cents in early October to its recent high of 76.8 cents. The stock has now pulled back towards some near-term support at 60 cents, so if it can hold that support, traders should watch for a big breakout in the near future.