Stocks To Watch For Friday 12/20/13 – TGRO FNMA

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TGRO closed up more than 20% today on increasing volume, which was the exact follow through we were looking for on our watch list from last evening. Today’s overall performance puts the stock in a strong position to potentially move even higher tomorrow. Tonight’s list includes just two stocks that have very appealing breakout setups into Friday.

TGRO – Continued Promotion/Volume – (Tiger Oil & Energy, Inc.) – closed up 21.67%, at .73c a share, on more than 5.3 million shares traded Thursday. Tiger Oil & Energy headquartered in Wichita, KS is an oil and gas company engaged in the exploration, development and redevelopment of oil and gas fields in the United States. TGRO traded to a new high of .75c today, closing just off that level, and saw a nice increase in volume over yesterday at continually higher prices. If the stock breaks past .75c tomorrow, it could rally another .10-.15c higher before meeting any resistance. Keep it on close watch Friday. 

FNMA – Potential Continued Breakout – (Fannie Mae) – closed up 9.03%, at $3.14 a share, on more than 45.5 million shares traded Thursday. Fannie Mae is a government-sponsored enterprise that was chartered by Congress in 1938 to support liquidity, stability and affordability in the secondary mortgage market, where existing mortgage-related assets are purchased and sold. Shares of FNMA made a nice close over resistance at $3.00 today, closing just off today’s high of $3.14, and look like they could be on their way to retesting bigger resistance near $3.50 over the short term. A big enough increase in volume tomorrow to the upside could push the stock through resistance and send it much higher. Keep it on close watch.




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The Penny Stock Experts Team at Todayspickis.com


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