The HEAT Is On

Today HEAT surged over 24% in what looks like the start of a multi-day bounce. With the 50DMA sitting close to $1 and the 200 DMA over $2.50, this stock has a lot of room to run on any rally.

The stock remains incredibly oversold. Obviously the selling could resume and the stock could fall to fresh lows. That is the risk. The potential reward is the stock rallies hard and hits $1 - $1.25 a share or almost 100% from current levels.

Tuesdays Stocks To Watch - HEAT, PASO, AERN, AEMD

HEAT this stock rests at 52 week lows. I think it has a 35-50% or better bounce coming in the short term, as prices have stabilized and bottom looks to have held.

PASO I think this stock moves out of triple zero's at some point in the near future. Currently trading at $.0003 the company released some positive financials recently.

AERN and AEMD these two stocks saw big moves on Monday, backed by nice money flow. I think both deserve to be watched tomorrow as they could make for great scalp type trades throughout the session.

HEAT - Bottom Alert

I think HEAT has found a bottom here and looks poised to post a rally from current levels. The stock sits right at its 52 week low and has fallen from over $8.00 a share to the current $.65 price.

The stock could see a nice rally just based upon the current chart. The 50 DMA sits at $1 and the 200 DMA is at $2.71. A lot of room to go higher should HEAT rally from here. This stock deserves watching going forward. The potential for 50-100%+ gains is there, in my opinion.