Although it is often stated that penny stocks can be highly volatile, it is also true that these stocks can also generate enormous gains in some cases. That is the reason why investors flock to these stocks in a big way every day and there are hundreds of penny stocks which are traded actively on a daily basis. However, if you are currently looking for stocks which are ready to breakout, it may be a good idea to do a big more research. This article provides you a look into six penny stock which may be set for breakouts.
Wearable Health Solutions Inc (OTCMKTS:WHSI) – The wearable medical device industry has exploded in the past few years and nowadays there are lots of massive companies which are involved in that space. Wearable Health Solutions Inc may be a pretty small company compared to some of the companies it is competing with but it has managed to carve a niche in the industry nonetheless.
The company already has a range of products in the market and it supplies those products to distributors and dealers all over the world. If a company is to grow then it needs sound and experienced management and on that front, Wearable Health Solutions is quite blessed. The top management of Wearable Health Solutions boasts of combined experience in excess of three decades in the healthcare industry and hence, it could be said that the company is in responsible hands.
One of the earliest products to have been launched by Wearable Health Solutions was the MediPendant. It is a highly innovative product and the first ever medical alarm that allows the user to not only speak but also to listen to the operators who is responsible for the emergency response. Not too long ago, the Wearable Health Solutions stock was subject of a note from Theodore O’Neill, who is an analyst at Litchfield Hills Research.
In the note, he set the price target for the Wearable Health Solutions stock at 20 cents a share. At the time, the stock price was at 2 cents a share and hence, it reflected an upside of a staggering 1000%.
GainClients Inc (OTCMKTS:GCLT) It was a rough day in the markets for investors in GainClients Inc as the company’s stock suffered from a rapid selloff and ended the day with a decline of as much as 15%. As it happens, the company was in fact in the news yesterday and it may be a good idea to take a look into it.
The company announced yesterday that it had been given an opportunity to expand its system, the Earnest Money Capture Solution to Capital Title of Texas’ Dallas area. It was a major development for the company and one that could have significant implications in the long run. It is particularly important since it comes close on the heels of GainClients reporting its biggest quarterly revenues in many decades. Although the stock declined sharply yesterday, it will be interesting to see if it can make a recovery today.
Gourmet Provisions International Corporation (OTCMKTS:GMPR) – There has not been any news in recent days about Gourmet Provisions International Corporation but the company’s stock suffered nonetheless and went down by as much as 13%. The last time the company was in the news was back on June 21 when it announced that the Pennsylvania based food distributing company McAneny Brothers would start the distribution as many as 10 of Jose Madrid Salsas ‘The Healthy Fundraiser’, which is a fully owned subsidiary unit of Gourmet Provisions International Corporation.
McAneny Brothers is a distributor for grocery and convenience stores and it also offers next day delivery as well as online ordering. It serves in excess of 1300 retail accounts spread across New York, Pennsylvania, Maryland, Ohio and West Virginia.
VirExit Technologies Inc (OTCMKTS:VXIT) – There was no news about the renewable energy company VirExit Technologies yesterday but the company’s stock was on a roll nonetheless and ended the day with gains of 28%.
The company is mainly focussed on the incubation of solar technologies and seeks to provide electrification in the rural areas. In the past, the company had been known as Poverty Dignified Inc but later on changed its name to VirExit Technologies. It had been established back in 2013 and its based out of Belmont in North Carolina.
China Infrastructure Construction Corp (OTCMKTS:CHNC) – China Infrastructure Construction Corp was in major focus among penny stocks yesterday despite there being no news about the company and ended up with gains of a staggering 100%.
The company is involved in providing concierge medical services in the Houston metro area in Texas through its membership program. It is based out of Houston, Texas. Investors could do well to keep an eye on China Infrastructure Construction Corp today.
SPYR Technologies (OTCMKTS:SPYR) – On Tuesday, the SPYR Technologies stock was in the middle of a selloff and tanked by as much as 20%. That being said, it should be noted that there was no news about the company yesterday and it remains to be seen if there is a rebound.
Last week on June 29, the company had noted that it was now simply, cheaper, more efficient and in a position from which it was ready to scale.
