Is YRCW The Hottest Penny Stock Now?
WOW talk about BUZZ! Can you believe all the hype and talk on YRCW lately? Here is a REAL penny stock company that truly is taking the penny stock world by storm! As a matter of fact YRCW made headlines on yahoo finance as one of the most active NASDAQ stocks today “YRC Worldwide Inc. rose 13.1 percent to $.36 with 110,582,500 shares traded.”
So what the heck has been the catalyst for this monster mover?
For those of you that don’t know YRCW is one of the worlds LARGEST shipping companies not just to our own here in the USA but all over the freaking world.
YRCW recently came off its trading base just a few weeks ago when this money maker was sitting at .10 cents and since then we have seen a 3 or even 4 bagger on this stock. So where to next?
I have seen all sorts of guesses and sales pitches on YRCW over the past day or two, so let me set the record straight with what we see on the chart.
If YRCW continues up tomorrow (since it did close well today) we could see a re-test of the previous high of .428 and if broken we hit .50 cents on May 10th and .63 cents on May 3rd. So keep those levels on watch.
If YRCW dips a little more then be prepared to pounce! This stock has been aboslutely on fire lately and could bounce nicely off the 50 moving average line at .25 cents or maybe even .22 cents which is the 20 moving average line below.
Oh and by the way, check out this little snidbit “Thursday on Squawk on the Street, YRC Worldwide’s stock and what’s it says about the big picture? Watch the opening live from the NYSE with Erin Burnett, Mark Haines and David Faber, only on Squawk on the Street, weekday mornings at 9 eastern.”
Can you say PACHOW! Watch this little doggie tomorrow all, this could turn into a stock of the day, week or heck month haha.
SIGN UP for my next email alert, heck if things keep rocking on YRCW I just might use that as my HOT stock !
Until we chat again,
Papa Roach – OUT
Disclosure: This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in this stock. We reserve the right to buy or sell YRCW at any time after this post.
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