There are some companies that may be on the verge of a breakout and hence, it might just be the right time for investors to consider taking a look at those. At the end of the day, timing is everything when it comes to the markets and there are some stocks that may just be worth tracking at this point in time by investors. Here is a look at five such stocks.
Houston Natural Resources Corporation (OTCMKTS:HNRC) stock has been soaring over the past few sessions and reached a new multi-month high. The HNRC stock has been seeing heavy buying interest as Short Stock Scanners Indicate Substantial Short Exists and short covering is underway! The company currently has earnings per share to the tune of $0.27, energy stocks trade at a PE of 17.8. At this ratio, HNRC would be $4.80 per share.
The stock has gained a whopping 147% this week from Friday’s July 22, 2022 close. Moreover, the stock closed above the 200-Day moving average.
Mass Megawatts Wind Power, Inc. (OTC:MMMW) stock is another short squeeze idea for coming sessions. The stock one of the biggest gainers in Thursday’s session with a jump of 24.31%. The stock is trading above the 20-Day and 50-Day moving averages of $0.0266 and $0.0248.
From the recent press, the company has started to prepare the construction of two solar power systems in Brooklyn, New York, to demonstrate the benefits of the company’s patent-pending, Solar Tracking technology.
Gaensel Energy Group, Inc., (OTC: GEGR) stock has seen profit booking after a big jump in the last week. Although the stock has corrected about 35% from last’s week high, the stock is still up 120% in the past month. Importantly, the stock is trading near its critical support range of $0.09-$0.11. So, one should not be surprised if the stock resumes its uptrend in coming sessions.
Recently, following the purchase of Lipro HKW-HGW a biomass cogeneration plant designed to produce electricity valued at over $7M USD announced the finalization of the first tranche of the share capital of Tigullio Shipping spa, the total final investment will be equal to € 10,000,000.00, a sum totally self-financed by the Green Solution & GNL Consortium.
SusGlobal Energy Corp (OTCMKTS: SNRG) is another oversold stock that may be worth adding to the watch lists at this point. Despite the recent correction, the stock has gained 75% in the past 6 months. Moreover, RSI at 31 signals that there could be a big short covering from the oversold zone.
Earlier this month, the company announced that its fully owned subsidiary unit SusGlobal Energy Belleville had managed to complete the Verified Emission Reductions and Removals report, which was a part of its carbon credit development process. At this point in time, investors could do well to keep an eye on further developments with regard to SusGlobal Energy Corp.
Halberd Corporation (OTCMKTS: HALB) – If you are currently looking into healthcare stocks then it may be a good time to look into the Halberd Corporation stock.
Earlier on in the month on July 20, the company had come into focus after it announced that it had launched Halberd Cancer Therapeutics Ltd in the form of a fully owned subsidiary unit. It was a move that was an acknowledgment of the fact that Halberd’s extracorporeal methodology had displayed the ability to tackle a variety of conditions and cancer emerged as the next frontier.
