Trades of the Day: 5 Stocks Under $5

These $5 stocks are set to jump 15% or more before summer

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Trades of the Day: 5 Stocks Under $5

Bargain Stock #5

Accuride Corp. (ACW) is a North American autoparts manufacturer that specializes in commercial vehicle wheels, wheel-end components and assemblies, and ductile and gray iron castings. Coming off of a 125% earnings surprise last quarter, Accuride will again report at the end of April. Another positive surprise could send the stock soaring, and ACW’s chart suggests a bullish event is in store for the near future.

As of the April 9 close, a bullish Symmetrical Continuation Triangle pattern emerged on ACW’s chart, which gives the stock potential to climb from $4.79 to a target of $5.60 to $5.80 in just about 17 trading days.

ACW bargain stock Trades of the Day: 5 Stocks Under $5

Both the stock and the options chain for ACW are relatively thin, so keep positions small and use only very speculative money as the market may easily get imbalanced.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/04/trades-day-5-stocks-5/.

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