Though I have my doubts about there being any follow-through left to dole out for the market after today’s 1.2% pop, I also think that the recent strength has pushed small stocks Alpha Pro Tech, Ltd. (AMEX: APT), Celsion Corporation (NASDAQ: CLSN), and Samson Oil & Gas Limited (ADR) (AMEX: SSN) past nagging barriers that would have otherwise held them down. So yeah, now that they’re past the wall, I’ve got a feeling these guys are best primed to make forward progress regardless of where the market goes next.

Speaking of small stocks with improving charts, you may want to take a look at what’s going on with a chart of Samson Oil & Gas Limited. Though I wouldn’t say it’s out of the woods yet, I do like the way SSN has now made a higher low, and is back above the 50-day line today. Even better though, is the fact that there’s still no analysts coverage of this small cap despite rising revenue and last year’s swing to profit (the trailing P/E is 5.5). This is one of those rare oil shale names that’s making it work, and the market’s starting to figure it out.

Like Samson, there’s a big lack of analyst coverage here for Alpha Pro Tech, which makes basic medical care supplies. It’s been profitable for three years running now, with 2009 being a huge win… income of 9.0 million for the $27 million company. Though 2010’s $1.3 million in earnings was lackluster for Alpha Pro Tech, the current price still more than underestimates the potential upside here…. though that’s starting to change if the recent rebound is any clue. May be time to step on for a quick trip.
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