STRATTON HOLDINGS STHG May be Near a Reversal Point

The penny stock Stratton Holdings Inc may be once again coming near a reversal point.  I mentioned this penny stock before as one that seems to be fairly liquid and also constructive in that it seems to want to trade in a slow upward slanting trading range.

It has been a fascinating penny stock in that it has shown very clearly with reversal candlestick hammers its intention to trade back to the top of the wide swing trading range.

STHG appears to be forming a small reversal hammer again today and is trading in a downward slanting flag formation.  Volume is also contracting down within this formation.  I suspect that it may make a shot at the topside of this falling wedge and get another 1 to 3 day move topside before succumbing to overhead resistance again.

This penny stock just fascinates me for the simple reason that it trades with robust volume and has nice big ranges.  It is like a blue chip stock with big trading ranges and interesting valleys along the way.

Next week STHG may make another run to break overhead resistance.

This is one to keep an eye on because of its large penny stock swing trading range and seemingly clear reversal signals.

Still, there is always the risk that this penny stock will break down from the up trend line support in force since 7/7/2010.  STHG is sitting right now along this support line and it does need to get a topside reaction soon otherwise it will risk spending too much time near the support line of this swing trading range.