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Friday, October 7, 2011

Best Penny Stocks October 7 2011

Best Penny Stocks October 7 2011 ; Today's top penny stocks are largely coming from the energy arena, and they're all commodity-related - a hint worth noting, given how hard the sector and its industries were get in September. Many of them may be undervalued, and ripe for a rebound.

That includes for specific penny stocks, which aren't necessarily today's biggest winners, but they are the biggest winners with sustainable uptrends backed up by legitimate volume.

Clean Diesel Technologies, Inc. (NASDAQ:CDTI) is up a nice 23% today, on volume of 268,000 shares (the highest in several weeks). The move snaps a three-month losing streak, though interested buyers should know that we've seen these moves from Clean Diesel Technologies, and many of them went nowhere. This move, however, seems to have been prompted by real news that could mean more revenue - its diesel engine fuel filter is now approved in many more vehicles. The volume hasn't been as strong as we'd like behind the recent rise from

Bering Exploration Inc. (PINK:BERX), but what it lacks in volume it makes up for in progress and news. BERX is up 50% from Tuesday's close, and is closer than ever to actual oil production. Its Ashland Prospect is Louisiana is getting its production gear in place, and is expected to begin production later this month. A move above the 20-day moving average line would be a big psychological win for Bering.Of the four names in question.

AgFeed Industries, Inc. (NASDAQ:FEED) is the best of this top penny stocks list, up 27% on 1.1 million shares. This Chinese agricultural chemical manufacturer stock has had a miserable 2011, tumbling from $3.00 in January to a low of $0.37 this week. Once that low was hit though, it sparked a major reversal effort. In fact, we have an outside-week reversal in place, which coming off a multi-year low could really mean something.

Westmont Resources, Inc. (PINK:WMNS) is only up 13.6% today, and has dipped into the red ink a couple of times. But, the bulls are pretty persistent here, and have managed to keep WMNS around $0.0245. It's a big deal because that also keeps Westmont Resources, Inc. above the 20-day and 50-day moving averages, and in a budding uptrend. This oil explorer has been prodded higher this week mainly because it's successfully developed a solution that will make fraccing - a process to extract in accessible oil and natural gas out of the ground - safe as well as environmentally- friendly. It seems to have started something. source http://www.smallcapnetwork.com

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