Stock Charting Software Review – Best Penny Alerts

In this stock charting software review, I’m going to take a look at Best Penny Alerts.

The first thing to understand about this program is how Best Penny Alerts determines which stocks are going to perform the best in the short term and how it differentiates between good and bad stocks.

The program uses an effective method of charting known as behavioral overlap which is simple in theory but very difficult to do manually. The program builds massive and sprawling databases of stock behavior of the past and singles out the stocks which went on profitable upswings in the short term.

The program then applies this information to current real time stocks in order to find similarities between the two to further investigate. Even the smallest similarities can give you a remarkably precise depiction of what to expect from that current stock. Armed with this information, you know exactly where and when to invest as well as what to expect in terms of appreciation.

One thing which makes this program so effective and more precise than its peers which I’ve covered in other stock charting software reviews is the fact that Best Penny Alerts exclusively targets penny stocks.

This is a major advantage considering how different stock behavior is in cheaper stocks when you consider that it takes comparatively very little influence to affect the prices of a cheaper stock. This is in contrast to more static stocks which are more difficult to move to substantial changes.

Best Penny Alerts exclusively targets penny stocks, so unlike its peers it delivers a much higher rate as opposed to programs which go after any and all stocks regardless of their values.

Take a recent pick which I received from Best Penny Alerts. I placed an order for 1000 shares ofa pick which it sent to me first valued at 14 cents when I received it late Sunday evening. When the market opened that first day, that stock steadily climbed throughout the day, averaging 2 cents an hour and closing at 33 cents.

When the market opened the next morning, I observed an increase of 7 cents in the first hour alone which you can chalk up to outside investors taking notice of that stock’s performance the previous day. Ultimately, when all was said and done, that stock closed out at 48 cents, just over its projection of 45 cents at which point I got out as it began to taper off and dip a little before the market closed.

This is perfectly exemplary of the kinds of behavior and appreciations you can enjoy when you have the ability to differentiate between the good and the bad when it comes to penny stocks, and Best Penny Alerts is a paramount example of what penny stock specific stock charting software can do.