Overhill Farms (AMEX: OFI) – Shares of this frozen food manufacturer have been forming a bullish ascending triangle pattern for the last couple of months, a great sign for small-cap traders who are hoping to take advantage of an upside swing. Hold off putting your money on the line until this stock can break through $6.40.http://www.marketwatch.com/investing/stock/ofi
China Recycling Energy Corp. (NASDAQ: CREG) – This energy savings company is moving in a decidedly downward direction right now: all told, shares have fallen 47% since January, an impressive feat given that the broad market has essentially remained flat over that time. Right now, it looks like shares could make another big move downward if it can crack support at $2.92.
http://www.marketwatch.com/investing/stock/creg
PAB Bankshares (NASDAQ: PABK) – In the fragmented banking business, regional banks are starting to show quite a bit of promise fundamentally. From a technical standpoint, this tiny, $17 million bank looks even better. Shares are starting off a bounce from a triple-bottom at present. This is an upside trade.
http://www.marketwatch.com/investing/stock/pabk
Fannie Mae (NYSE: FNM) – I’ve saved the “best” for last today… Fannie Mae is currently down nearly 43% following the announcement that it and Freddie Mac would be delisting shares from the NYSE and trading over the counter. Even though I think Fannie and Freddie are junk investments right now, they could prove to be interesting trades given their oversold status. Trading is currently halted because of the pandemonium taking place with shares – only consider taking a position with money you’re willing to lose.
Even if shares make a bounce back higher, it could be short lived. While this is one of the most risky plays I’ve ever brought up here, I think it’s worth watching nonetheless…
http://www.marketwatch.com/investing/stock/fnm
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