One of the things that ought to be kept in mind when considering the stock market is that it is often imperative for investors to get into stocks before they breakout. However, that is not often possible and the next best thing is perhaps to look into stocks that have broken out already. This article is going to give you a glimpse into three stocks that have broken out and could have the potential for further upside. Here is a look at each of those.
Houston Natural Resources Corporation (OTCMKTS:HNRC) stock has been riding higher to a new multi-month high. The HNRC stock has been seeing heavy buying interest as Short Stock Scanners Indicate a 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 another 27% this morning, extending its weekly gain to a whopping 170%. Moreover, the stock is trading above the 200-Day moving average.
SusGlobal Energy Corp (OTCMKTS: SNRG) – Another stock that may be worth adding to the watch lists at this point in time is that of SusGlobal Energy Corp.
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.
Mass Megawatts Wind Power, Inc. (OTC:MMMW) 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.
The renewable energy sector is one that has attracted considerable attention from investors in recent times and for good reason too, due to the possibility of rapid growth in the long term. One of the companies that may well be worth looking into at this point in time is Mass Megawatts Wind Power Inc.
Gaensel Energy Group, Inc., (OTC: GEGR), a diversified holding company, following the purchase of Lipro HKW-HGW a biomass cogeneration plant designed to produce electricity valued at over $7M USD is pleased to announce 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.
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.