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Trades of the Day: 5 Stocks Under $5

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

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Bargain Stock #2

ZAGG Inc. (ZAGG) is a Utah-based specialty retailer that focuses on mobile accessory solutions, including protective coverings, cases, keyboards, keyboard cases, earbuds, portable power, and device cleaning products.

The chart for this bargain stock shows a bullish Bottom Triangle pattern that formed at the April 9 close. The pattern indicates ZAGG could jump from $4.76 at the end of Wednesday’s session to $5.50 to $5.70 in approximately 39 trading days.

ZAGG stock

ZAGG reports earnings in May, which could bring additional volatility to the small-capital. But traders with money to speculate may wish to try to take advantage of that volatility with a leveraged call options play, as the ZAGG May $5 strike has strong open interest.

Article printed from InvestorPlace Media,

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