While my last perfect stock pick A.H. Belo (AHC) continues to do pretty well (up about 40% since I posted about 3 weeks ago), I've decided to add a new feature to the blog called "The Perfect Chart". Finding the perfect stock is an extremely difficult task, due to the strict criteria I place on my selections. So, I figured in the meantime I'd periodically spotlight a company that might not necessarily be a "perfect stock", but had a "perfect chart". A perfect chart in my opinion is one where there is visually a distinct trend upwards. I'll leave it to you and your own due diligence to determine whether or not it is still a buy, but I felt that it would be neat to point out stocks that the market has obviously fallen in love with. Also, we all know that a trend can be "your friend", so at a minimum these should be stocks that you may want to track.
The Perfect Chart: American Lithium Minerals, Inc. (AMLM.OB)
American Lithium Minerals, Inc. is a U.S. resource exploration company with specific interests in acquiring properties containing lithium. Basically, this stock is a play on the probable boom in lithium usage due to the government's push for electric cars. AMLM.OB is said to own 100% of the mineral rights to one of the largest lithium rich properties in the US.
This stock has one of the steadiest up trends I've ever seen. It is particularly impressive due to the fact that it is a penny stock that trades on the OTCBB. The sudden spike and drop that occurred about two weeks ago acted as nothing more than "noise" in what has been one of the best and most consistent stocks in the entire market the last 3 months. Will it continue?
I find a lot of these hidden gem stocks using a lot of the tools conveyed in my latest on post at my other blog http://yourtradingtips.blogspot.com . Check it out when you get a chance.
