Last week IBD listed ten stocks that they thought and listed under $10 to be watching for. Here was the list along with there closing price as of Friday 21st:
MED MEDIFAST INC 10.14 +3.36%
TGB TASEKO MINES LTD 3.49 +6.08%
ARTG ART TECH GROUP 3.55 -0.28%
RNWK REALNETWORKS INC 10.39 -2.35%
WEL BOOTS&COOTS/INT WELL 2.40 -0.59%
LPSN LIVEPERSON INC 7.40 -2.25%
EZM EUROZINC MINING CORP 2.16 +3.35%
GEMS GLENAYRE TECHS 5.72 +0.18%
BDCO BLUE DOLPHIN ENER 7.29 +1.96%
HOM HOME SOLUTIONS OF AM 8.91 -0.22
Our research was to see if we were to invest from the opening bell of Monday the 17th. Right after this list came out during the last weekend.
The Winners or ahead of the game would be as followed:
MED opened at 9.15 Monday morning. Got as low as 8.62 during Monday, had a extremely low volume day of 49,900 on Tuesday. But, it ends up closing on friday at 10.14, though reached as high as 10.31.
RNWK opened at 9.83 but got has low as 9.81 and ended up closing on 10.07 monday (17th). Got has high as 10.96 on Friday, but then closed at 10.39 on Friday.
HOM - 8.01 8.05 7.80 7.87 Opened at 8.01 on Monday morning, got has high was 9.12 on Friday, but then closed at 8.91 on friday.
GEMS - opend Monday morning at 5.47 the high was 5.78 closing on Friday at 5.72
BDCO opened at 7.07 got has high was 8.60 on Tuesday, but after that went down as low as 6.91 and then closing on Friday at 7.29
TGB opend on Monday at 3.01 reached as high as 3.78. Closing on Tuesday at 3.59 and wednesday closed at 3.58 then finally on Friday closed at 3.49.
WEL opend at 2.21 high for the week was 2.50...closing on Friday at 2.40
EZM opened at 2.14 went up as high as 2.42 on Tuesday, closed on Tuesday was a high for the week at 2.31. Though ended the week dropping some and finally closed on Friday at 2.16
LPSN opend at 7.75 the high being 7.84 on Tuesday, and finally dropped and closed at 7.40 on Friday. The thing that we didnot like about this stock is the volume is pretty low for our fundamental investing. The 5 day volume average is only 241,000. We personally like at least 500,000 or higher.
ARTG opening at 3.80. Reached a high for the week of 3.81 on Monday, and then got as low as 3.46 and closed at 3.55 on Friday.
So the Research shows that 8 out of the 10 were gains...not always big gainers, but it's the first week or so.
The biggest gain were + .95 MED, +0.90 HOM, + 0.56 RNWK, + 0.39 TGB, +0.25 GEMS, +0.22 BDCO, + 0.19 WEL, + 0.02 EZM,
The two loses were - 0.34 ARTG, -0.35 LPSN
We found it was interested to do our own research and see how good IBD does of picking, and what we see after a week, 8 out of 10 with two gains over 90 cents that's not bad at all!