52 Week Low Stocks To Watch For A Bounce Next Week Announced By Penny Stock Picks. Ironwood Pharmaceuticals, Inc., BG Medicine, Inc., Pandora Media, Inc., CSX Corporation
Huntington Beach, CA (PRWEB) November 18, 2012
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Worries over the fiscal cliff have pressured stocks ever since last week's presidential election, pushing major indexes down more than 5 percent across the board so far.
A popular strategy employed by stock traders is to purchase companies Making New 52 Week Lows in the hopes for a bounce. Here are a few stocks PSPicks is watching that could bounce next week.
Ironwood Pharmaceuticals, Inc., an entrepreneurial pharmaceutical company, discovers, develops, and commercializes human medicines. The stock ht a new low of $10.02 on Friday. On November 5 CEO, Peter M. Hecht, invested $582,500.00 into 50,000 shares of IRWD, for a cost per share of $11.65. PSPicks believes this could be a good buying opportunity since investors can buy stock cheaper than the CEO at these prices.
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BG Medicine, Inc., a life sciences company, engages in the discovery, development, and commercialization of novel cardiovascular diagnostics to address unmet medical needs. The stock hit a new low of $1.08 on Friday.
Pandora Media, Inc. provides an Internet radio services in the United States. The stock hit a new low of $7.08 on Friday. PSPicks believes this stock could go lower and is a potential short.
CSX Corporation, together with its subsidiaries, provides rail-based transportation services. The stock hit a new low of $18.88 on Friday. PSPicks feels the stock has been oversold and can bounce back.
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Disclosure: PSPicks is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. This press release may contain several forward looking statements. Please visit our website for complete risks and disclosures.
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