(EMAILWIRE.COM, November 03, 2011 ) Chicago, Ill. -- Here's a look at stocks that are trading close to their 52-week lows.
According to The Stockfather, a stock market research site and newsletter, the following stocks are ones to watch for an upcoming bounce.
Andiamo Corp. (OTC: ANDI) took a huge hit over the past couple weeks. In October, ANDI reached .006 but has since nose-dived to .0016.
On Wednesday, shares of ANDI began to climb back up. It closed at .0022, up 29 percent. The Stockfather reports that ANDI is one to watch for a bounce.
Other stocks to watch for a rebound over the coming days include Career Education Corporation (Nasdaq: CECO).
CECO closed down nearly 50 percent on Wednesday and reached its 52-week low. It went from 15.95 on Tuesday and closed at 8.32 yesterday. This stock could be a candidate for a gain of 10 to 20 percent over the coming days.
Atrinsic, Inc. (Nasdaq: ATRN) also hit its 52-week low Wednesday, closing at 1.10, down 29.94 percent. It hit .91 in after hours trading.
Novatel Wireless, Inc. (Nasdaq: NVTL) closed at 3.48 yesterday, down .73 or 17.34 percent. The year range for NVTL is 2.81 - 11.33.
Diamond Foods, Inc. (Nasdaq: DMND) is trading down nearly 50 percent on the year. It closed at 52.79 on Wednesday, down 11.33 or nearly 18 percent.
The Stockfather searches the markets (from OTC to NYSE) for stocks positioned to make big gains. Stocks and companies are featured on The Stockfather web site and e-newsletter.
Disclaimer:
For this news release, The Stockfather was not paid to profile the company(ies) or stock(s) mentioned. The Stockfather does not own any shares of the stock(s) mentioned. The Stockfather is not a registered investment advisor. Investors are responsible for doing their own research and obtaining professional investment advice. Investors should visit www.thestockfather.com for further disclosure information.
