You guys gotta check out Overstock this week! It’s the last chart in this video. Wow that looks sweet! That’s beautiful enough to hang on the wall!

This has been a tough market with penny stocks getting hammered. But down markets sometimes make it easier to find the real gems. You can bet that if a stock is going up in a down market like the kind we’ve had, in an up market, it will soar.

The stock screener that produced these hot picks was set to scan pink sheets, OTCBB, Dow, Nasdaq, S&P 500, and the Russell 2000. Its settings are tweaked to spot bullish moving average crossovers where 5 day MA > 10 day MA > 20 day MA… also known as the Alligator method because on the chart it looks like an Alligator opening its jaws.

The purpose of this tool is to cut-back on the time you spend researching stocks. You are given the 20 or so best stocks the market has to offer with the potential for quick moves higher. Keep in mind to that the top performing stocks continue to trend higher for many weeks. We’ve had FONR on our list of top performing stock screener picks for about 4 weeks now.

I will not give you exact sell targets like I do with my live stock trading service over Twitter. How you trade these stocks is up to you. The purpose is a launching point for you to do your own further research on and how you trade them, and what your investment objectives are is completely up to you.

I do not hold any of these stock screener stocks in my own personal trading account, nor have I been paid to promote these stocks.

Top performing penny stock picks since 3/24/12 that warrant your immediate research are:

FONR = +71.64%
IBCP = +55.95%
IFT = +50.56%
ESIC = +37.96%
SYSW = +37.17%
MBTF = +28.02%
PGC = +23.39%
CHLN = +22.48%
OEDV = +24.70%
SNAK = +17.42%
PENX = +16.69%
TPL = +16.53%
INDZ = +16.17%
MDH = +10.14%

Below is this week’s stock screener hot stock picks scan. I believe these are the best stocks the market has to offer! Enjoy!